Name: Nathaniel Cole

Name: IC3 ATTIRE LIMITED

Date of Birth: 30 / 7 / 1996

Date Order Starts: 11 / 3 / 2026

Disqualification Length: 10 Years  Month(s)

CRO Number: 11482458

Last Known Address: 6, Bucknell Close, , , Reading, RG31 7ZT

Conduct: Mr Nathaniel Cole (‘Mr Cole’) caused IC3 Attire Limited (‘IC3’) to act in breach of the rules of the Government-backed bounce back loan (‘BBL’) scheme by obtaining a BBL of £45,000 in circumstances where he knew or ought to have known that IC3 did not meet the criteria for eligibility for a BBL at all, in that: • IC3 was incorporated on 25 July 2018. • Mr Cole was appointed as a director of IC3 upon incorporation and from 24 January 2022 until liquidation on 03 January 2024 was the sole director in office. • On or around 09 May 2020 Mr Cole applied to Bank A for a BBL. • The rules of the BBL scheme required applicants that had commenced trade before 01 January 2019 to provide their turnover figure for the 2019 calendar year and allowed them to apply for a BBL of up to 25% of that amount. Subject to that rule BBLs could be obtained in sums of between £2,000 and £50,000. As IC3 began trading before 01 January 2019, the company was required to provide 2019 calendar year turnover on the BBL application form. • In order to qualify for a BBL at all, an applicant company’s turnover (either for 2019 or an estimate of annual turnover) had to reach at least £8,000. • According to IC3’s accounts for the year ended 31 July 2019, turnover in that period had been £3,839. • According to IC3’s accounts for the year ended 31 July 2020, turnover in that period had been £5,485. • According to bank statements on IC3’s business current account, trade credits received in the period 01 January 2019 to 31 December 2019 came to a total of £4,623. Turnover of £4,623 allowed IC3 to apply for a BBL of £1,156 at most. BBLs of £1,999 or less were not available. • Mr Cole told Bank A that IC3’s 2019 calendar year turnover was £300,000 and requested a BBL of £45,000. • The BBL application was approved and funds of £45,000 were received into IC3’s current account with Bank A on 12 May 2020. • In February 2021 a top-up BBL application was made and a further £5,000 was drawn down against the BBL loan. • IC3 was placed into creditors’ voluntary liquidation on 03 January 2024. • At liquidation at least £38,129 remained outstanding in respect of the BBL . 

This information is correct as at 18 / 2 / 2026

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