Case details for Joseph Gray

Name: Joseph Gray

Name: Red Bar & Cafe Ltd

Date of Birth: 15 / 1 / 1988

Date Order Starts: 30 / 12 / 2024

Disqualification Length: 11 years Years 0 Month(s)

CRO Number: 06271068

Last Known Address: Wealden, Ellison Close,, , , , WINDSOR,, SL4 4BZ

Conduct: Mr Joseph Gray (“Mr Gray”) caused Red Bar & Cafe Ltd (“RBC) to obtain two Government-backed Bounce Back Loans (“BBLs”) both totalling £50,000, contrary to the terms of the BBL scheme. In that: • The terms of the BBL scheme were such that a Company was entitled to apply for one BBL of between £2,000 and £50,000 for an amount up to 25% of its 2019 turnover or, if it was established after 01 January 2019, the application was to estimate the annual turnover from the date that the business was established. • Mr Gray was appointed as a director of RBC on 02 December 2019 and was the sole director of RBC at the dates of the BBL applications. • On 18 June 2020 Mr Gray applied to Bank A for BBL1 of £50,000. • The funds were received into RBC’s account with Bank A on 18 June 2020. • On 21 September 2020 Mr Gray applied to Bank B for BBL2 of £50,000. On the application, he declared “I/We confirm that this is my/our only application for a Bounce Back Loan for this business, and I am/we are not part of a wider group which has already received a Bounce Back Loan • The funds were paid into RBC’s account with Bank B on 17 November 2020. • RBC was not entitled to BBL2 from Bank B. • As a director of RBC Mr Gray failed to ensure that RBC complied with the terms of the BBL scheme. • At Liquidation, the BBLs remained outstanding in the total of £89,636.90. No repayments had been made against BBL2 and so the full amount was outstanding at Liquidation. 

This information is correct as at 9 / 12 / 2024



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