Name: Philip Mark Cannon

Name: PC SAMBA LTD

Date of Birth: 23 / 11 / 1977

Date Order Starts: 18 / 7 / 2025

Disqualification Length: 11 Years Years 0 Month(s)

CRO Number: 10848304

Last Known Address: 6 Adams Drive, Bradwell, , , GREAT YARMOUTH, NR31 9XY

Conduct: Mr Philip Mark Cannon (“Mr Cannon”) caused PC Samba Ltd (“PCS”) to overstate its turnover in an application to obtain a government-backed Bounce Back Loan (“BBL”) for £50,000, causing PCS to receive £34,206 for which it was not entitled to and following receipt of the BBL on 20 May 2020 he failed to use all the BBL funds obtained for the economic benefit of the business. In that: • Under the BBL scheme rules, a company that was carrying on business on 1 March 2020 and had been affected by the Covid-19 pandemic was eligible for one BBL of 25% of its 2019 calendar year turnover, up to a maximum of £50,000. When making an application for a BBL, the applying director had to self-certify the company’s 2019 calendar year turnover. • PCS was incorporated on 4 July 2017 and commenced trading in July 2017. Mr Cannon was appointed as the sole director of PCS on incorporation and remained as such until PCS entered creditor’s voluntary liquidation on 24 March 2023. • On 18 May 2020, Mr Cannon applied for a BBL of £50,000 and stated that PCS’s 2019 calendar year turnover was £250,000. • Analysis of PCS’ bank statements indicate that PCS received £63,177 in trading income in the 2019 calendar year. • PCS’ Financial Statements for the year ended 31 July 2019 and 31 July 2020 record that PCS achieved turnover of £71,269 and £14,818 respectively. • Based on banked income for 2019, PCS received £34,206 in BBL funds for which it was not entitled to. • On 20 May 2020, a BBL of £50,000 was received into PCS’ bank account. Prior to receipt of the BBL, PCS’s bank account balance was £6.48 credit. • Between 20 May 2020 and 14 September 2020, £41,500 was transferred to Mr Cannon’s personal bank account including £25,000 transferred to Mr Cannon’s personal bank account on 14 September 2020 in a single transaction. • During this period PCS received £2,871 in Job retention Scheme Funds, but no other income. • Mr Cannon states he used between £20,000 to £25,000 towards a deposit on a house. • Regarding the other £16,500 in payments across nine transactions, Mr Cannon stated that these payments were “all business related” but has not provided any records to substantiate this statement. • Total liabilities at liquidation are £57,690 including £50,075 in respect of the BBL. 

This information is correct as at 27 / 6 / 2025

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