Case details for Shane Michael BUGGY

Name: Shane Michael BUGGY

Name: Focus Facades Ltd

Date of Birth: 15 / 9 / 1974

Date Order Starts: 28 / 10 / 2022

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 10440754

Last Known Address: 5 Cobham Avenue,, , , , MANCHESTER,, M40 5QW

Conduct: Shane Michael Buggy (“Mr Buggy”) caused Focus Facades Ltd (“Focus”) to obtain a Bounce Back Loan (“BBL”) totalling £50,000 and did not use £36,400 of the funds for the economic benefit of the business, contrary to the terms of the scheme in that: Within the BBL application, Mr Buggy declared that the BBL would be used to provide economic benefit to the business and would be used wholly for business purposes and not personal purposes. On 18 May 2020, the company received Bounce Back Loan (“BBL”) funds in the sum of £50,000. The funds were transferred to Mr Buggy on the next day. Between 22 May 2020 and 1 September 2020 Mr Buggy repaid £13,600 to the company bank account. At the date of liquidation, none of the BBL had been repaid and creditors were owed in excess of £690,000. Mr Buggy has not provided any records to the Liquidator to evidence that the BBL funds were used for the economic benefit of Focus. 

This information is correct as at 10 / 10 / 2022

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