Name: Janice Ann  Farley-Jones

Name: TWO TYKES LIMITED

Date of Birth: 29 / 11 / 1954

Date Order Starts: 17 / 3 / 2025

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 12309717

Last Known Address: 10 Carrsvale Avenue,, Urmston,, , , MANCHESTER, , M41 5SX

Conduct: On 11 May 2020, Janice Farley-Jones (“Ms Farley-Jones”), acting as a director whilst not formally appointed, caused or allowed misleading information to be provided in a Bounce Back Loan (“BBL”) application made on behalf of Two Tykes Ltd (“TT”), by overestimating TT’s turnover. As a result, TT has received BBL funds of £43,989 that it was not entitled to.     • 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 turnover. Businesses which originally borrowed less than the maximum amount available to them under the Scheme were eligible to top-up their original loan, however the total loan amount was not to exceed 25% of the business’s turnover.   • TT was incorporated on 12 November 2019. Ms Farley-Jones was not a formally appointed director of TT until 23 June 2020, however Ms Farley-Jones has confirmed that she acted as a director of TT from incorporation, and decided to apply for the BBL.    • On 11 May 2020, TT applied for a BBL of £40,000. The application asked what was the annual turnover of TT, or if the business was established after 01 January 2019, what was the estimated annual turnover. The applicant declared that turnover was £210,000.  • Invoices have been provided which purport that TT invoiced for work totalling £24,000 between 20 December 2019 and 20 February 2020, for which TT never received payment. Accounts for the financial year ending 30 November 2020, detail sales of £45, and do not appear to include the invoices totalling £24,000. The consultancy work ceased in April 2020. As TT had invoiced for work in December 2019, any estimate of turnover in relation to the BBL was required to be for the 12 month period starting December 2019. • TT was to develop reputation management software, with development commencing December 2019. A forecast provided for TT confirms that the first six months would be for build of the software before any sales were expected. Covid and the withdrawal of an investor caused a delay of at least six months. As such, there was no reasonable expectation that TT would achieve turnover of £210,000 by December 2020. • The first transaction on the bank account of the company occurred on 11 May 2020. • TT received the BBL funds of £40,000 on 14 May 2020. On 09 December 2020, a top up of £10,000 was received.   • Sales per the accounts to 30 November 2020 totalled £45. Allowing for the invoiced amounts of £24,000, which do not appear in the accounts, then total sales during the first 12 months after TT commenced trading total £24,045, meaning the maximum BBL that TT was eligible for was £6,011. As a result of overestimating turnover, TT received BBL funds of £43,989 that it was not entitled to.    • Total liabilities at liquidation amount to £53,216, of which £44,714 relates to the amount owed in respect of the BBL.  

This information is correct as at 25 / 2 / 2025

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