Case details for Ian Edward  Molyneux

Name: Ian Edward  Molyneux

Name: SAMJOE LIMITED

Date of Birth: 3 / 6 / 1972

Date Order Starts: 18 / 4 / 2022

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 10058284

Last Known Address: 95 Lingmell Avenue, , , , St Helens, WA11 7AX

Conduct: On 6 May 2020 Mr Molyneux caused Samjoe Limited (the “Company”) to obtain a government-backed Bounce Back Loan (“BBL”) totalling £50,000 and did not use it in its entirety for the economic benefit of the business, contrary to the terms of the BBL. In that: On 11 May 2020 £50,000 was received into the Company’s bank account, being the proceeds of the BBL. Prior to receipt of the BBL, the account balance was £1,992. On 6 August 2020 the sum of £30,000 was received into the Company’s account. On 07 August 2020 the sum of £60,000 was paid directly to Mr Molyneux’s personal bank account. No evidence has been provided to demonstrate that any of the BBL was used for the economic benefit of the Company. As at liquidation the entire BBL remained outstanding to the bank. 

This information is correct as at 29 / 3 / 2022



If you believe this page contains any errors, please email legalservices@insolvency.gov.uk with details of the error that you have found.