Case details for Dean BRIGGS

Name: Dean BRIGGS

Name: DJPB Limited

Date of Birth: 26 / 7 / 1983

Date Order Starts: 28 / 12 / 2022

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 12345135

Last Known Address: 97 Richmond Park Road,, , , , DERBY,, DE22 4PL

Conduct: On 14 May 2020 Dean Briggs (Mr Briggs) caused DJPB Limited (DJPB) to make a false Bounce back loan (BBL) application of 20,000 on behalf of DJPB by overstating DJPBs estimated turnover. He caused DJPB to make a payment of 19,900 of the BBL funds which was not for the economic benefit of DJPB thus breaching the conditions of the bounce back loan scheme. Under the Bounce Back Loan 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 1 January 2019 it is their estimated turnover. The bounce back loan funds should only be used for the economic benefit of the business. DJPB was incorporated on 03 December 2019. DJPB had one customer who between 24 January 2020 and 07 May 2020 paid DJPB an average of 640 per week, totalling 14,078 during the period and giving an extrapolated turnover of 33,275 for the year. Financial accounts for year ending 31 December 2020 show actual turnover of 41,842 which would result in a BBL entitlement of 10,460. On 14 May 2020 he applied for a BBL on behalf of DJPB declaring its estimated turnover to be 80,000. He should have known that the turnover figure of 80,000 was overstated as at the time of the BBL application DJPB had one customer who paid a regular amount to DJPB each week. The overstatement meant that DJPB received BBL funds of 9,540 to which it was not entitled. On 16 May 2020 the balance on DJPBs bank account was 6 in credit. On 17 May 2020 the BBL of 20,000 was paid into DJPBs bank account, increasing the account balance to 20,006. Between 17 May 2020 and 03 July 2020 DJPBs customer paid 6,868 into the account and 6,874 was paid to him leaving a bank balance of 20,000. On 06 July 2020 a payment of 19,900 was made from the account. There is no evidence that this payment was for the economic benefit of DJPB. At liquidation DJPB had declared liabilities of 27,140 which include 20,000 in respect of the BBL. 

This information is correct as at 8 / 12 / 2022

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