Case details for Iain Joseph Malley

Name: Iain Joseph Malley


Date of Birth: 19 / 3 / 1969

Date Order Starts: 27 / 11 / 2023

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 12309030

Last Known Address: Apartment 236, N V Building,, 100 The Quays,, , , SALFORD, M50 3BE

Conduct: Iain Joseph Malley (“Mr Malley”) caused Claijm Holdings Limited (“Claijm”) to apply for a Bounce Back Loan (“BBL”) of £50,000 on 17 December 2020 when he knew or ought to have known, that Claijm did not meet the criteria for that loan. In that: The Bounce Back Loan (“BBL”) scheme allowed businesses to apply for a BBL if they were carrying on business on 01 March 2020, engaged in trading or commercial activity in the UK at the date of the application, and had been adversely affected by Covid. A business could receive a loan of up to 25% of their annual turnover for the 2019 calendar year, which those businesses would self-certify when completing the BBL application. Claijm was incorporated on 11 November 2019. Claim’s bank statements record the bank account was opened 7 December 2020. The first transaction on the bank account was on 17 December 2020. Accounts prepared for Claijm for the period year ending 30 November 2020 record the company was not trading. On 17 December 2020, Mr Malley applied for a BBL on behalf of Claijm and made a declaration that the company met the eligible criteria for that loan. Mr Malley stated on the BBL application form that the annual turnover of Claijm was £210,000. The loan amount requested was £50,000. On 19 December 2020, Mr Malley signed the loan agreement form as authorised signatory for the borrower. On 20 December 2020 the BBL of £50,000 was paid into Claijm’s bank account. No payments have been made in respect of BBL. At Liquidation the company scheduled creditors of £103,001 of which £50,000 related to the BBL. 

This information is correct as at 6 / 11 / 2023

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