Case details for Max Alan HADLEY

Name: Max Alan HADLEY

Name: PRESTIGE BUILDING WORKS LTD

Date of Birth: 15 / 12 / 1988

Date Order Starts: 4 / 7 / 2022

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 12041163

Last Known Address: 43 The Crescent,, , , , EASTLEIGH,, SO50 9BS

Conduct: On or around 18 June 2020, Max Alan Hadley (“Mr Hadley”) caused Prestige Building Works Limited (“Prestige”) to fraudulently apply for a Bounce Back Loan (“BBL”) of £20,000 and to breach the terms of the Bounce Bank Loan (BBL) scheme, when he knew or ought to have known Prestige was only entitled to apply for funds of £11,355. He applied funds totalling £18,069 for his personal benefit and not for the economic benefit of Prestige and without the intention to complete timely repayments in the future resulting in loss to the bank of at least £20,000 and failed to give notice to the bank of the dissolution of Prestige as required by Section 1006 Companies Act 2006. • 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 required was that for the calendar year 2019. Businesses were required to use the loan only to provide economic benefit to the business, and not for personal purposes and confirm they have understood the costs associated with repayment of the loan and that they are able and intend to complete timely repayments in future • Between 06 June 2019 and 29 February 2020, Prestige’s bank account shows an average monthly turnover of £3,785, giving an estimated annual turnover of £45,420 • The last income was received into the bank account on 19 March 2020 • On 28 May 2020, he applied to dissolve Prestige • On 18 June 2020, Prestige received a BBL of £20,000, he having declared the turnover on the application to be £100,000 • Between 18 June 2020 and 10 July 2020 payments totalling £18,069 were made from Prestige’s bank account: o Debit Card Payment of £9,704 to a Motor Finance Company o Payments totalling £1,399 reference “Family” o Payments totalling £6,966 to a third party • On 27 June 2020 the application to dissolve Prestige was withdrawn • On 10 July 2020 he made a subsequent application to dissolve Prestige • As of 10 July 2020, the full amount of the BBL remained outstanding • Prestige failed to given notice to the bank of its application for dissolution • On 20 October 2020 Prestige was dissolved and the BBL of £20,000 remains outstanding. 

This information is correct as at 16 / 6 / 2022



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