Case details for GERRARD WOODMAN

Name: GERRARD WOODMAN

Name: G Woodman Limited

Date of Birth: 17 / 12 / 1963

Date Order Starts: 30 / 11 / 2023

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 11628553

Last Known Address: 3 St. Nicholas Place,, , , , LOUGHTON,, IG10 1BF

Conduct: On 05 October 2020, Gerrard Woodman (‘Mr Woodman’) caused G Woodman Ltd to make a wrongful declaration in a Bounce Back Loan (“BBL”) application by overstating G Woodman Ltd’s turnover for 2019, as a result of which G Woodman Ltd received more BBL funds than it was eligible for, 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 turnover. The turnover figure was self-certified by the applicant. The turnover figure required was that for the calendar year 2019 or where a business was established after 1 January 2019 it is their estimated turnover.?The applicant also needed to confirm that the business had been adversely impacted by Covid. ? G Woodman Ltd was incorporated on 17 October 2018.? ? On 05 October 2020, Mr Woodman applied for a BBL of £50,000 on behalf of G Woodman Ltd, declaring that its turnover for the calendar year 2019 was £255,000.? ? Accounts for the financial year ending 31 October 2019, confirm turnover of £60,996, with bank statements for the remainder of 2019 showing further sales of no more than £12,300. Therefore, the maximum turnover in 2019 was no more than £73,296, meaning the maximum BBL that G Woodman Ltd was eligible for was £18,324. Accounts for the financial year ending 31 October 2020 confirm turnover of £64,662. ?? G Woodman Ltd received the BBL funds of £50,000 on 06 October 2020.?? ? ? Total liabilities at liquidation amount to £50,802 of which £47,290 relates to the amount owed in respect of the BBL.? 

This information is correct as at 10 / 11 / 2023



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