Name: Megan Kayleigh Arnott

Name: REDWOOD RESOURCING LTD

Date of Birth: 23 / 1 / 1998

Date Order Starts: 17 / 2 / 2025

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 12016963

Last Known Address: 28 Slindon Road, , , , WORTHING, BN14 9LJ

Conduct: On 25 March 2021, Megan Kayleigh Arnott (‘Miss Arnott’) applied for and obtained a Government-backed Bounce Back Loan (‘BBL’) of £50,000 for Redwood Resourcing Ltd (‘RRL’) by providing an overestimated annual turnover on the BBL application, thereby causing RRL to obtain at least £30,604 in BBL funding more than it was entitled to. In that, • The BBL scheme permitted a loan of up to 25% of a business’ turnover in the calendar year 2019 (or estimated annual turnover from the date it commenced trading if it had been established after 01 January 2019), to a maximum of £50,000; • RRL was incorporated in May 2019; • As RRL was not trading throughout 2019 it was entitled to estimate its turnover on the application form; • No information is held regarding RRL’s trading or income in 2019 as the only bank account disclosed was not opened until March 2021; • Accounts were prepared for the period from incorporation to 31 May 2020, which record turnover of £77,584; • These accounts should have been filed no later than 28 February 2021; • Based on the income in the accounts RRL was entitled to a BBL of £19,396; • On 25 March 2021 Miss Arnott completed an application form for a BBL from RRL’s bank, self-certifying that its turnover in 2019 was £215,000 and requesting a loan of £50,000. • The BBL was received on 31 March 2021; • Miss Arnott has failed to provide any documentation to support the level of turnover claimed in the application; • Therefore RRL obtained at least £30,604 in BBL funding to which it was not entitled; • At the liquidation date the full amount of the BBL remained outstanding and the bank was the majority creditor. 2. Megan Kayleigh Arnott failed to ensure that RRL maintained and/or preserved adequate accounting records, or in the alternative, she failed to ensure that such records as were maintained and/or preserved, were delivered to the liquidator. As a result, it has not been possible to: • Determine RRL’s income and expenditure in the period 01 June 2020 to 15 March 2021, a period for which no bank details are held; • Verify that RRL has received all monies due to it, and/or whether there were any debtors outstanding at the liquidation date; • Ascertain the reason for payments made by RRL and verify that this was all legitimate company expenditure (or was accounted for in a director’s loan account); • Verify that the BBL monies were used for the economic benefit of RRL’s business as required by the terms of the scheme; • Ascertain whether any monies were due to or from HMRC in relation to any taxes; • Establish the full and true amounts due to or from the directors or any other connected parties in relation to loans and particularly director loan accounts; • Verify that all assets have been disclosed and delivered up, and/or that any disposals prior to the liquidation were for full and fair value and RRL received the benefit of these; • Verify that all creditors have been disclosed and that the amount declared as due to each of them is accurate; • Ascertain the reasons for RRL’s failure 

This information is correct as at 28 / 1 / 2025

Name: REDWOOD RESOURCING LTD

Date of Birth: 27 / 6 / 1978

Date Order Starts: 28 / 2 / 2025

Disqualification Length: 6 years Years 0 Month(s)

CRO Number: 12016963

Last Known Address: 1 Hazeldown Villas, High Road, High Cross,, , , , , SG11 1AE

Conduct: Charles Alexander Oakley failed to ensure that Redwood Resourcing Ltd (“RRL”) maintained and/or preserved adequate accounting records, or in the alternative, he failed to ensure that such records as were maintained and/or preserved, were delivered to the liquidator. As a result, it has not been possible to: • Determine RRL’s income and expenditure in the period 01 June 2020 to 15 March 2021, a period for which no bank details are held; • Verify that RRL has received all monies due to it, and/or whether there were any debtors outstanding at the liquidation date; • Ascertain the reason for payments made by RRL and verify that this was all legitimate company expenditure (or was accounted for in a director’s loan account); • Verify that the BBL monies were used for the economic benefit of RRL’s business as required by the terms of the scheme; • Ascertain whether any monies were due to or from HMRC in relation to any taxes; • Establish the full and true amounts due to or from the directors or any other connected parties in relation to loans and particularly director loan accounts; • Verify that all assets have been disclosed and delivered up, and/or that any disposals prior to the liquidation were for full and fair value and RRL received the benefit of these; • Verify that all creditors have been disclosed and that the amount declared as due to each of them is accurate; • Ascertain the reasons for RRL’s failure 

This information is correct as at 10 / 2 / 2025

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