Name: STEPHEN JOHN BURWOOD

Name: Academy Food Imports Ltd

Date of Birth: 15 / 6 / 1964

Date Order Starts: 22 / 9 / 2026

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 11746883

Last Known Address: 105 Gold Furlong, Marston Moretaine, , , BEDFORD, MK43 0ED

Conduct: Mr Stephen John Burwood (“Mr Burwood”) breached the terms of the Bounce Back Loan (“BBL”) scheme by causing Academy Food Imports Ltd (“Academy”) to apply for a BBL when he knew, or ought to have known, that Academy was not eligible to do so. Furthermore, Mr Burwood failed to ensure that the entirety of the BBL funds was used for the economic benefit of Academy, in that: • The BBL scheme terms allowed businesses to receive a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of the annual turnover, which the applicant would self-certify when completing the BBL application. The turnover figure required was that for the 2019 calendar year, or where a business was established after 01 January 2019 the 25% limit was to be applied to the estimated turnover from the date the business started. The terms of the BBL scheme also stated that the BBL was to be used only for the economic benefit of the business and not personal purposes. • When applying for a BBL companies had to sign a declaration confirming that the Company was carrying on its business on 01 March 2020, was adversely affected by the coronavirus pandemic and was trading or engaged in commercial activity on the date of the BBL application. • Academy was incorporated on 02 January 2019. • Academy filed dormant annual accounts for the year ended 31 January 2020. • Academy opened a bank account on 20 February 2020. The only transaction from this date up to 24 June 2020 was a payment from Mr Burwood for £700 on 30 March 2020. • On 23 June 2020, Mr Burwood applied for a BBL on behalf of Academy and declared that Academy was carrying on business on 1 March 2020 and was trading or engaged in commercial activity at the date of the application. He declared a turnover figure of £275,000 on the BBL application. • On 24 June 2020 Academy received a £50,000 BBL into its bank account. • No evidence has been provided to show that Academy was carrying on business on 1 March 2020 or was trading or engaged in commercial activity at the date of the application. By falsely declaring that Academy was carrying on its business on 01 March 2020 and was trading or engaged in commercial activity on the date of the BBL application, Mr Burwood caused Academy to apply for a BBL of £50,000 that it was not eligible for. • On 30 July 2020 a cheque for £30,000 was paid to an associated company of which Mr Burwood was a director. There is no evidence provided to show that this payment was used for the economic benefit of Academy. • Academy entered Creditors Voluntary Liquidation on 17 March 2025 with liabilities of £46,582, of which £43,856 related to the outstanding BBL. 

This information is correct as at 28 / 10 / 2026

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