Name: Thomas Dyer

Name: LRBH TRADING LTD

Date of Birth: 18 / 9 / 1987

Date Order Starts: 10 / 4 / 2025

Disqualification Length: 10 years Years 0 Month(s)

CRO Number: 11898258

Last Known Address: 3 Oaklands Way, , , , SOUTHAMPTON, SO16 7PA

Conduct: Mr Thomas David Peter Dyer (“Mr Dyer”) caused LRBH Trading Limited (“LRBH”) to obtain a Bounce Back Loan (“BBL”) in excess of the amount it was eligible to borrow and failed to use the funds for the economic benefit of LRBH as follows: • Under the BBL scheme, businesses were able to apply for a BBL if they were engaged in trading or commercial activity in the UK at the date of the application, were carrying on business on 01 March 2020 and had been adversely affected by Covid. • Businesses could apply for a BBL of up to 25% of their 2019 turnover, from a minimum of £2,000 to a maximum of £50,000. If a company was incorporated after January 2019, estimated turnover could be used for the application from the date the business started to trade. The BBL scheme also required that funds were only used to provide economic benefit to the business, and not for personal purposes. • On 21 July 2020, LRBH applied for a Bounce Back Loan (BBL) of £50,000. On the application, Mr Dyer declared a company turnover of £500,000. • Mr Dyer stated that the turnover figure of £500,000 he provided on the BBL application was an estimation of LRBH’s future income, but he has failed to provide any evidence to substantiate the sum declared. • LRBH was incorporated on 22 March 2019 to trade a bar and restaurant business. The company filed dormant accounts at Companies House for the period 22 March 2019 to 31 March 2020 and years ending 31 March 2021 and 31 March 2022. • LRBH opened a first bank account in May 2019. Statements for the account show that between 01 May and 31 December 2019 the only recorded transactions on the account were two failed direct debits, accounts charges and interest. • Statements for LRBH’s second bank account record the first transaction on the account being the receipt of the BBL funds on the 22 July 2020. This was the only credit into the account between 22 July 2020 and 02 August 2022 (excluding reversed debit transactions). • On the basis of the above, LRBH would not have been eligible for a BBL as its turnover was insufficient to obtain the minimum loan amount of £2,000. • The BBL was paid into the LRBH’s bank account on 22 July 2020. The BBL funds were spent via various debit transactions between 03 September 2020 and 15 April 2021. During this period no income was received into the bank account. Mr Dyer has failed to provide any evidence to show the BBL funds were used for the benefit of LRBH. • LRBH was placed in compulsory liquidation on 12 July 2023. At the date of liquidation, the company had liabilities of £258,882 consisting of £45,118 Bank (BBL), £207,521 Trade and £6,243 HMRC. 

This information is correct as at 24 / 3 / 2025

If you believe this page contains any errors, please email legalservices@insolvency.gov.uk with details of the error that you have found.