Case details for SUKHDEV BENNING



Date of Birth: 30 / 12 / 1986

Date Order Starts: 30 / 12 / 2022

Disqualification Length: 12 Years 0 Month(s)

CRO Number: 12263161

Last Known Address: 43 Chestnut Street, , , , WALSALL, WS5 4DG

Conduct: On 11 September 2020, Mr Benning caused Texpress Ltd to apply for a government backed Bounce Back Loan (“BBL”) totalling £50,000 for which it was not eligible and did not use it in its entirety for the economic benefit of the business, contrary to the terms of the BBL. In that: Eligibility The Company applied for a BBL of £50,000 on 11 September 2020. The Company received a BBL of £50,000 into its bank account on 14 September 2020. In order for the Company to be eligible for such a BBL its turnover was required to be at least £200,000. Mr Benning stated in his application that the turnover was £210,000. No accounts have ever been filed at Companies House or evidence provided by way of bank statements to show that the Company had ever traded. Use of funds On 14 September 2020 the sum of £50,000 was paid into the Company’s bank account. Between 18 September 2020 and 21 July 2021 payments were made totalling £11,090.20 using the Company’s debit card, predominantly to retail stores and eating establishments. Between 30 September 2020 and 18 June 2021, the sum of £18,085 was transferred to the personal account of Mr Benning. Between 06 October 2020 and 04 February 2021, payments totalling £5,000 were made to the wife of Mr Benning. Between 13 April 2021 and 01 September 2021 payments were made by direct debit totalling £2,139.35. On 01 September 2021 the company bank account was closed with a residual credit balance of £12,952.09. This sum was not forwarded to the Liquidator. No evidence has been provided to show that any of the BBL proceeds were used for the economic benefit of the Company. Apart from bank statements covering the period 01 September 2020 to 01 September 2021, Mr Benning has failed to ensure that Texpress Ltd maintained or preserved accounting records or alternatively has failed to deliver up all such that did exist to the Liquidator. As a result it has not been possible to: Ascertain when or if the Company commenced trading. Any business expenditure occurred prior to 01 September 2020. How the projected turnover of £210,000 was justified. Following receipt of the BBL of £50,000 if any of the proceeds were spent for the economic benefit of the Company. What happened to the sum of £12,092.09 following the closure of the company bank account and if it was used on Company expenditure. 

This information is correct as at 12 / 12 / 2022

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