Case details for LAURA MICHELLE DINE



Date of Birth: 31 / 8 / 1988

Date Order Starts: 31 / 1 / 2023

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 11554581

Last Known Address: 597 Marrelsmoor Avenue, , , , WATERLOOVILLE, PO7 5GH

Conduct: On or around 13 June 2020 Miss Laura Michelle Dine (“Miss Dine”) caused Cici t/a Raw Hair and Beauty Ltd (“Cici”) to falsely apply for a Bounce Back Loan (“BBL”), as she had already taken the decision to close the business prior to applying for the BBL. This caused Cici to breach the terms of the BBL scheme as it would not be in a position to make timely repayments in the future. Miss Dine also transferred the BBL to herself and her associated company, which was not for the economic benefit of Cici. In that: The BBL scheme was launched in May 2020 to help businesses quickly access finance to support them through the coronavirus pandemic. Under the BBL scheme, businesses were required to confirm they had understood the costs associated with repayment of the loan and they were able and intended to complete timely repayments in the future. On 10 June 2020 Miss Dine emailed Cici’s accountant to advise that the employees’ last day of employment would be 30 June 2020. Miss Dine applied for the BBL of £40,000 on or around 13 June 2020 in the knowledge that Cici was due to cease to trade and the BBL funds were paid into Cici’s bank account on 15 June 2020, increasing Cici’s bank account balance to £44,853. Between 19 June 2020 and 28 June 2020 payments amounting to £42,682 were made to Miss Dine and her associated company, thereby extinguishing the £40,000 BBL funds. There is no evidence that these payments were for the economic benefit of Cici. Miss Dine completed an application to dissolve Cici on 07 July 2020. Cici was dissolved on 10 November 2020 and the BBL of £40,000 remains outstanding. On 07 July 2020 Miss Dine applied to have Cici dissolved when she knew or should have known that Cici had outstanding debts and failed to give notice of the dissolution to the relevant parties as required by Section 1006 of the Companies Act 2006. On 07 July 2020 Miss Dine submitted an application to Companies House to dissolve Cici. Section 1006 of the Companies Act 2006 requires the company to notify all interested parties of their intention to be dissolved. Miss Dine failed to notify HM Revenue and Customs (“HMRC”) of her intention to dissolve Cici, which denied HMRC the opportunity to object to this action. At the time of the dissolution application, HMRC were owed at least £24,250 in respect of VAT and £20,896 in respect of PAYE. Cici was dissolved on 10 November 2020 and at least £45,146 remains outstanding to HMRC. 

This information is correct as at 11 / 1 / 2023

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