Name: James John LAL NEAL

Name: LV DISTRIBUTIONS LTD

Date of Birth: 22 / 10 / 1999

Date Order Starts: 3 / 1 / 2023

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 11892823

Last Known Address: 20 Dairyglen Avenue,, Cheshunt,, , , WALTHAM CROSS,, EN8 8JX

Conduct: Between 03 June 2020 (the first transaction in the bank account) and 20 January 2021 (date the bank account was closed), James John Lal Neal (hereinafter referred to as “James Neal”) caused or allowed LV Distributions Ltd (hereinafter referred to as “LVD”) to obtain a Government Backed Covid-19 Bounce Back Loan (“BBL”) of £50,000 and failed to use it in its entirety for the economic benefit of LVD contrary to the terms of the BBL scheme. In that: LVD was incorporated on 20 March 2019 and James Neal was appointed director on 27 January 2020. On 03 June 2020, the sum of £50,000 was paid into LVD’s bank account, being the BBL. Following the receipt of the loan, the account balance stood at £50,000 in credit; In the application form, James Neal declared: “I undertake to use the credit granted on the basis of this agreement only to provide economic benefit to my business, for example, providing working capital or investing in my business”; Between 04 June 2020 and 11 June 2020, a total of £47,853.83 were transferred out of LVD’s bank account to a connected party. Following these transactions, LVD’s account balance stood at £2,146.17 in credit; Between 04 August 2020 and 27 August 2020, LVD received additional Covid-19 related grants for £35,000 and made payments of £27,146.17. Following these transactions, LVD’s account balance stood at £10,000 in credit; On 20 January 2021, the bank clawed back this £10,000 and applied it to the outstanding BBL. On 28 July 2021, LVD entered Liquidation with Covid-19 support related liabilities of £63,000 of which £40,000 corresponded to the BBL. On 17 and 20 August 2020, James John Lal Neal (hereinafter referred to as “James Neal”) caused or allowed LV Distributions Ltd (hereinafter referred to as “LVD”) to make a false representation to two Council/Local Authorities in order to obtain £35,000 of Coronavirus Retailer Grants. In that: LVD was incorporated on 20 March 2019 and James Neal was appointed director on 27 January 2020. Between 17 August 2020 and 27 August 2020 LVD submitted 24 Coronavirus Retailer Grant applications to different Council/Local Authorities for a total of £390,000 using forged supporting documents. Two of these applications were successful. Further three applications totalling £75,000 were submitted on 04 September 2020, 06 October 2020, and 09 June 2021. On 24 August 2020, the sum of £25,000 was paid into LVD’s bank account, being the grant from Council Authority A. On the same day, a payment of £5,644.43 was made out of LVD’s bank account to a connected party. At close of business, the account balance stood at £21,382.46 in credit; On 25 August 2020, the sum of £10,000 was paid into LVD’s bank account, being the grant from Council Authority B. On the same day, a payment of £9,315.00 was made out of LVD’s bank account to a connected party, and the bank clawed back £12,000 to be returned to the Council Authority A. At close of business, the account balance stood at £10,067.20 in credit; On 28 July 2021, LVD entered Liquidation with Covid-19 support related liabilities of £63,000 of which £23,000 corresponded to the Coronavirus Retailer Grants. 

This information is correct as at 15 / 12 / 2022

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