Name: Louise young

Name: YOUNGS SCHNAUZERS LIMITED

Date of Birth: 12 / 6 / 1970

Date Order Starts: 30 / 6 / 2026

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 11600645

Last Known Address: 38 Lilac Road,, , , , PETERBOROUGH,, PE1 4PR

Conduct: Mrs Louise Young (“Mrs Young”) breached the terms of the Bounce Back Loan (“BBL”) scheme by causing Youngs Schnauzers Limited (“YSL”) to apply for a BBL when she knew, or ought to have known, that YSL was not eligible to do so, in that: • Under the BBL scheme, businesses could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of their annual turnover for the 2019 calendar year, if it was carrying on business on 01 March 2020, engaged in trading or commercial activity in the UK at the date of the application and had been adversely affected by the Covid pandemic. Businesses incorporated after 01 January 2019 were asked to estimate their turnover from the date the business started. • The BBL scheme required the funds to only be used to provide economic benefit to the business and not personal purposes. • YSL was incorporated on 02 October 2018. • Dormant accounts were filed for the year ended 31 October 2019. • On 12 June 2020, Mrs Young applied for a £50,000 BBL on behalf of YSL, declaring its 2019 turnover as £250,000. • The first transaction in YSL’s bank account was the receipt of the BBL on 15 June 2020. • A review of YSL’s bank account statements from 15 June 2020 to 15 July 2024 shows that no business transactions took place. The only activity related to the transfer out of the BBL, bank charges and failed direct debit attempts to collect the monthly BBL repayments. • By declaring that YSL was carrying on its business on 01 March 2020, Mrs Young caused YSL to apply for a BBL of £50,000 that it was not eligible for. Even if YSL had been eligible to apply for a BBL, the annual turnover for the 2019 calendar year used for the BBL application was overstated as YSL had no apparent turnover during 2019. • The BBL funds were transferred out of the account on 15 June 2020. No evidence has been provided to demonstrate that the funds were used for the economic benefit of YSL. • YSL was wound up by the Court on 27 November 2024 with liabilities of £58,335, of which £51,022 related to the BBL. 

This information is correct as at 10 / 6 / 2026

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