Name: Nigel Wallace

Name: TILSTOCK MOTOR SERVICES LTD

Date of Birth: 20 / 7 / 1979

Date Order Starts: 3 / 11 / 2026

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 11287220

Last Known Address: 1 Egerton Place, , , , WHITCHURCH, SY13 1NU

Conduct: On 13 July 2020, Mr Nigel Wallace (“Mr Wallace”) caused Tilstock Motor Services Ltd (“Tilstock”) to obtain a Government backed Bounce Back Loan (“BBL”) totalling £50,000 that it was not entitled to, having obtained a previous BBL of £50,000 on 13 May 2020 from a different lender. Mr Wallace further breached the terms and conditions of the BBL scheme by utilising the second BBL funds of £50,000 for purposes that did not provide economic benefit to Tilstock, in that: • Under the BBL scheme businesses were able to apply for up to 25% of their turnover to a maximum of £50,000. Businesses which originally borrowed less than the maximum amount available to them under the Scheme were eligible to top-up their original loan, however the total loan amount was not to exceed 25% of the business’s turnover. Only one loan was available to businesses and that the BBL funds were to be used for the economic benefit of the business. • Mr Wallace made an application for a BBL of £50,000 on behalf of Tilstock on 13 May 2020. The BBL funds were paid into Tilstock bank account on 13 May 2020. • Mr Wallace made a further BBL application of £50,000 on behalf of Tilstock on 21 May 2020. • Mr Wallace signed the declaration on the application form on 21 May 2020 confirming that Tilstock had not received any other BBL. • The funds from Tilstock’s second BBL were paid into its bank account on 14 July 2020 • Mr Wallce has not provided any evidence to show that these BBL funds were used for the economic benefit of Tilstock • On 22 April 2025 Tilstock was wound up in the High Court of Justice Business and Property Court of England and Wales with total liabilities of £127,265 of which £67,718 relates to amounts owed in respect of the two BBLs. 

This information is correct as at 14 / 10 / 2026

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