Case details for Christopher James WRAY

Name: Christopher James WRAY

Name: MAGNA THERAPY AND MASSAGE LTD

Date of Birth: 9 / 12 / 1985

Date Order Starts: 16 / 11 / 2023

Disqualification Length: 9 Years 0 Month(s)

CRO Number: 10455559

Last Known Address: 31 The Wickets,, Colton,, , , LEEDS, , LS15 9HZ

Conduct: On 04 July 2020 Christopher James Wray (“Mr Wray”) caused MAGNA THERAPY AND MASSAGE LTD (“Magna”) to apply for a Bounce Back Loan (“BBL”) of £50,000 using an overstated turnover figure, which resulted in Magna obtaining a BBL that was more than it was entitled to. In that: Under the BBL scheme businesses could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of turnover. The turnover figure was self-certified by the applicant. The turnover figure required was that for the calendar year 2019 or where a business was established after 1 January 2019 it is their estimated turnover. Magna was incorporated and commenced trade on 01 November 2016. Magna’s accounts for the year ended 30 November 2019 which cover the period from 01 December 2018 to 30 November 2019 show the turnover as £28,195. Mr Wray signed these accounts on 13 March 2020. On 04 July 2020 Mr Wray applied for a BBL of £50,000 on behalf of Magna declaring that its turnover for the calendar year 2019 was £210,000. The £50,000 BBL funds were credited to Magna’s account on 08 July 2020. Total liabilities at liquidation amount to £45,615 of which £45,000 relates to the amount owed in respect of the BBL. 

This information is correct as at 27 / 10 / 2023



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