Case details for Lee James Cator

Name: Lee James Cator

Name: HLH CONSULTANTS LIMITED

Date of Birth: 9 / 7 / 1983

Date Order Starts: 12 / 4 / 2022

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 11188699

Last Known Address: 46 Hornscroft Park,, Kingswood,, , , HULL,, HU7 3GS

Conduct: On 11 May 2020 Mr Cator caused HLH Consultants Limited (“HLH”) to fraudulently obtain a Government backed Bounce Back Loan (“BBL”) totalling £50,000, at a time when the Company was no longer trading and therefore HLH was not entitled to claim a BBL and such was contrary to the terms of the BBL scheme. Further, £49,874 of the BBL funds were subsequently transferred to Mr Cator which was not to the economic benefit of the company and thus contrary to the terms of the BBL scheme In that: • The Company traded between 06 June 2019 and 8 November 2019 • The Company bank statements show that between those dates it received 6 payments totalling £28,060. • Mr Cator notified his accountant in an email dated 20 January 2020 that having taken up full-time employment HLH was no longer needed and that he wished for it to be struck off as at 31 December 2019. • Mr Cator applied, via the Lloyds bank on-line system, for a BBL of £50,000. The BBL guidelines state that a company should be engaged in trading or commercial activity at the time of the BBL application and in any event should have been carrying on business on 01 March 2020 and a business can only apply for a loan of up to 25% of its annual turnover .So to obtain a BBL of £50,000, HLH’s minimum turnover needed to be £200,000. • on 11 May 2020 the sum of £50,000 was paid into HLH’s bank account, being the BBL. No further credits apart from the BBL of £50,000 were paid into the HLH’s bank account from this date onwards; • Thereafter, in breach of the BBL scheme, HLH did not use the entire BBL for the economic benefit of the business and instead transferred all of the BBL funds to Mr Cator between 15 May 2020 and 04 January 2021 via 12 payments totalling £49,874 into Mr Cator’s personal account. • The bank has made a claim under the government guarantee. 

This information is correct as at 24 / 3 / 2022



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