Name: David John Stephens

Name: PREMIER PAVING AND LANDSCAPING LTD

Date of Birth: 11 / 8 / 1985

Date Order Starts: 15 / 4 / 2025

Disqualification Length: 8 Years 0 Month(s)

CRO Number: 11189026

Last Known Address: Oxoncroft,, Ifold Bridge Lane,, Ifold,, Loxwood,, BILLINGSHURST,, RH14 0UJ

Conduct: In November 2020 Mr David John Stephens (‘Mr Stephens’) obtained a Government-backed Bounce Back Loan (‘BBL’) of £50,000 for Premier Paving and Landscaping Ltd (‘PPL’). Mr Stephens provided false or knowingly inaccurate information regarding PPL’s turnover for 2019 causing it to obtain more BBL funds that it was entitled to. In addition, there is no evidence that the proceeds of the loan were used for the economic benefit of the business as required under the terms of the BBL scheme. In that: Obtaining a BBL • The BBL scheme permitted a loan of up to 25% of a business’ turnover in the calendar year 2019, or estimated turnover if it had been established after 01 January 2019; • PPL was incorporated in February 2018 and commenced trading at that time; • Its accounts for the year ended 29 February 2020 record turnover of £10,595; • On 11 November 2020 Mr Stephens obtained a BBL from PPL’s bank of £50,000, which would have required a turnover of £200,000 in the calendar year 2019; • In a questionnaire dated 02 December 2022, Mr Stephens advised that the turnover was based on the turnover of the company at the time, including the work it was doing on newly obtained contracts; Mr Stephens was not entitled to do this; • To date, Mr Stephens has failed to provide any documentation to support the level of turnover stated on the application form. Disbursal of the BBL • PPL’s bank account was opened with the receipt of the BBL on 11 November 2020; • The only other receipt into the bank account between receipt of the BBL and 07 June 2021, the date by which the funds were disbursed, was a single transfer of £10,000 on 04 January 2021 from an associated company; • The BBL, together with this transfer, was substantially disbursed by 07 June 2021, including the following: o Net payments to the associated company of £14,750; o £11,000 cash withdrawals; and o £5,432.15 to a credit card. • As at 07 June 2021 the balance on the account was £25 cr; • Although Mr Stephens has given a narrative explanation, no documents in support have been provided. • In light of this and due to the lack of any trading income, there is no evidence to suggest that any of these payments were for the economic benefit of the business; • At the liquidation date the full amount of the BBL remained outstanding. 

This information is correct as at 26 / 3 / 2025

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