Name: TERRY PURCHASE

Name: SUPERIOR TRACKING LIMITED

Date of Birth: 26 / 12 / 1988

Date Order Starts: 23 / 12 / 2025

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 11106631

Last Known Address: 17 Fairford Avenue,, , , , CROYDON,, CR0 7SN

Conduct: Terry John Purchase (“Mr Purchase”) caused Superior Tracking Limited (“STL”) to apply for a Government Bounce Back Loan (“BBL”) of £50,000, when he knew or ought to have known that the company turnover declared on the BBL application was overstated. As a result, STL received more than it was entitled to from the BBL scheme. Furthermore, Mr Purchase failed to use the entirety of the BBL obtained for the economic benefit of STL, 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 01 January 2019 it was their estimated annual turnover from the date the business started; • STL was incorporated on 11 December 2017 and started to trade immediately. STL’s accounts for the year ended 31 December 2019 disclose a turnover of £15,715; • Mr Purchase applied for a BBL of £50,000 on behalf of STL declaring that its annual turnover was £210,000, • Based on STL’s turnover of £15,715 from the accounts for the year ended 31 December 2019, the company was entitled to a BBL of no more than £3,929, and STL received £46,071 more than it was entitled to from the BBL scheme; • The terms of the BBL scheme stated that the BBL was to be used only for the economic benefit of the business, used wholly for business purposes and not personal purposes • STL received the BBL funds of £50,000 on 10 June 2020; • Following receipt of the BBL on 10 June 2020, funds totalling £16,500 were transferred from STL’s account to the director’s personal account, in two transactions on 15 June 2020 and 17 June 2020. • Mr Purchase has not provided any evidence to confirm these transferred monies were used for the economic benefit of STL; • STL made BBL repayments of £5,3116,311 • STL entered Creditors’ Voluntary Liquidation on 3 May 2024 • Total liabilities at liquidation were £50,295, including £46,361 owed to the bank in respect of the BBL obtained. 

This information is correct as at 3 / 12 / 2025

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