Name: Sarah Brown

Name: JBS Property Development Ltd

Date of Birth: 23 / 5 / 1990

Date Order Starts: 8 / 4 / 2025

Disqualification Length: 10 years Years 0 Month(s)

CRO Number: 12260816

Last Known Address: 32 Brackenberry Crescent, , , , REDCAR, TS10 2PP

Conduct: On 30 December 2020 Sarah Brown (“Ms Brown) caused JBS Property Development Ltd (“JBS”) to apply for a Bounce Back Loan (BBL) of £50,000 using an overstated/overestimated turnover figure, which she knew or ought to have known was false. Consequently, JBS received £50,000 that it was not entitled to from the BBL scheme and contrary to the terms and conditions of the scheme the director did not use all of the funds for the economic benefit of JBS. In that: • 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 was self-certified by the applicant. The turnover figure required was that for the calendar year 2019 or where a business was established after 01 January 2019 it was their estimated annual turnover from the date the business started. • JBS Property Development Ltd was incorporated on 14 October 2019 as a property renovation company. • JBS Property Development’s accounting period was for the year ending 31/10/20 - the Company’s turnover for that year was nil. • Between incorporation and the end of March 2020 the company had not acquired any property assets and had not generated any trading income. • On 30 December 2020 Ms Brown applied for a BBL on behalf of JBS declaring its estimated annual turnover as £200,000. Ms Brown has not provided any documentation to support that estimation. • On 31 December 2020 JBS received the BBL funds of £50,000. • The overstatement/overestimation of turnover within the BBL application resulted in JBS receiving a £50,000 BBL from the scheme to which it was not entitled. • At least £29,302 of the BBL monies were not used for the economic benefit of JBS as they were paid into an external investment. The external investment did not work out and was refunded to the directors’ personal accounts rather than to the JBS account. • Total liabilities at liquidation amount to £50,002 with £50,000 owed in respect of the BBL. 

This information is correct as at 19 / 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.