Case details for ANDREW also known as JAYSON FLOYD

Name: ANDREW also known as JAYSON FLOYD


Date of Birth: 28 / 1 / 1973

Date Order Starts: 14 / 11 / 2023

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 10975730

Last Known Address: 16 Tillett Close, Ormesby, , , GREAT YARMOUTH, NR29 3PW

Conduct: On 20 May 2020, Andrew Floyd (‘Mr Floyd’) breached the terms of the government backed Bounce Back Loan (‘BBL’) Scheme by causing Yellow Canary Solutions Limited to overstate its turnover on its application for a BBL, resulting in the company receiving a BBL of £50,000, which was £21,707 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 was their estimated annual turnover from the date the business started. Yellow Canary Solutions Limited was incorporated on 21 September 2017 and started trading on 17 December 2018. The company bank statements between 1 January 2019 and 31 December 2019 show total receipts of £113,171. On 20 May 2020, Mr Floyd stated on the company’s BBL application form an annual turnover of £210,000. Consequently, on 22 May 2020 the company received £50,000. Based on the total receipts into the company bank account between 1 January 2019 and 31 December 2019, this was £21,707 more than the company was eligible for. Following receipt of the BBL, between 26 May 2020 and 8 June 2020, Mr Floyd caused the company to make cash withdrawals totalling £6,360 that he states were for business purchases and payments totalling £3,400 that he states was to a third-party individual to repay a loan. No documentation has been provided to support these explanations or to evidence that the payments were for the economic benefit of the company. At liquidation, the company owed £57,780, of which £50,000 was owed in respect of the BBL. 

This information is correct as at 24 / 10 / 2023

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