Name: Shane Lloyd Jennings

Name: SHANE JENNINGS LIMITED

Date of Birth: 18 / 2 / 1988

Date Order Starts: 23 / 3 / 2026

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 10474672

Last Known Address: 18 Cragside Court,, Ingleby Barwick,, , , STOCKTON-ON-TEES,, TS17 0XZ

Conduct: On or before 03 August 2020, Shane Lloyd Jennings (“Mr Jennings”) provided incorrect information concerning the turnover of Shane Jennings Ltd (“the Company”) resulting in the Company obtaining a BBL of £50,000 which was £37,400 more than it was entitled to. in that: • The size of BBL to which an applicant was entitled under the rules of the BBL scheme was linked to turnover. Loans of up to 25% of turnover could be obtained between £2,000 and a maximum of £50,000. Applicants that had been trading before 1 January 2019 were required to provide a turnover figure for the 2019 calendar year; applicants that had commenced trading after 1 January 2019 were entitled to apply for a BBL of up to 25% of estimated annual turnover from the date the business started. • Shane Jennings Ltd was incorporated on 11 November 2016. • Mr Jennings was appointed as the sole director from 11 November 2016 to liquidation. • Bank statements for the year ending 31 December 2019 show income of £50,146. Based on this, the Company was entitled to a BBL of £12,600. • On 15 July 2020, the Company registered for VAT with HMRC with effect form 20 January 2020. The projected income quoted for the year was £89,000. • On or before 03 August 2020, Mr Jennings applied to Lloyds Bank for a Bounce Back Loan (“BBL”) in the sum of £50,000 stating that the Company’s turnover was £200,000. • The BBL proceeds were received into the Lloyds Bank account on 03 August 2020. • At liquidation, the sum of £1,867.11 had been paid in reduction of the BBL Transactions to the detriment of creditors • The balance of the Lloyds bank account was £66,353.27 on 9 April 2021 following the receipt of the company’s final trading income. • Mr Jennings has stated that some of the sums paid to him in April 2021 represented redundancy pay, showing that you were aware that the company would not restart trading. • Between 10 April 2021 and 12 July 2021 sums totalling £62,537 were transferred to Mr Jenning’s personal account including £45,000 which he stated represented redundancy pay. • Mr Jennings has not provided a contract of employment or Compromise Agreement to show that he was due any redundancy pay. • At liquidation a total of £48,133 plus interest is owed to Lloyds Bank in respect of the BBL and £7,665 is owed to HMRC in respect of VAT and Corporation Tax. You failed to submit returns to HMRC in respect of PAYE so the liability in respect of the redundancy payment is not known, all of which was either outstanding at the time of the payments made to you or became due from trading activity prior to the cessation of trading. • Mr Jennings was aware when the company ceased trading that it would not be generating any further income but instead of using the company’s remaining funds to reduce the company’s indebtedness, the majority of the company’s funds were paid to him for his personal benefit. 

This information is correct as at 3 / 3 / 2026

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