Case details for STEVEN SLACK



Date of Birth: 24 / 12 / 1980

Date Order Starts: 5 / 1 / 2023

Disqualification Length: 7 Years 0 Month(s)

CRO Number: 11267124

Last Known Address: 38 Westcott Road,, , , , SOUTH SHIELDS,, NE34 0QY

Conduct: On or around 07 July 2020 Mr Steven Slack (“Mr Slack”) caused Jax Coating and Inspection Services Ltd (“Jax”) to apply for a Bounce Back Loan (“BBL”) of £15,000 and to breach the terms of the BBL scheme by disposing of £14,962 of the BBL funds to himself, which was not for the economic benefit of the company, resulting in a loss to the bank of £15,000; and failed to give notice to the bank and HMRC of the dissolution of Jax as required by Section 1006 of the Companies Act 2006 Under the BBL scheme businesses were required to use the loan only to provide economic benefit to the business, and not for personal purposes, and confirm they have understood the costs associated with repayment of the loan and they are able and intend to complete timely repayments in future. Jax received a BBL of £15,000 on 07 July 2020 and transferred £14,962 to Mr Slack on the same day. On 18 September 2020 Mr Slack submitted an application to dissolve Jax. Jax was dissolved on 15 December 2020. Jax failed to give notice to the bank and HMRC, who are owed at least £15,000 and £19,537 respectively, of its application for dissolution, as required by Section 1006 of the Companies Act 2006. 

This information is correct as at 15 / 12 / 2022

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