Name: Catherine Cann

Name: BELLE CASA (NOTTS) LTD

Date of Birth: 3 / 3 / 1972

Date Order Starts: 9 / 4 / 2024

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 07551523

Last Known Address: 4 Oak Avenue, , , , Mansfield, NG18 2AP

Conduct: On 09 October 2020, Catherine Cann (‘Mrs Cann’) caused Belle Casa (Notts) Ltd (‘Belle’) to provide incorrect information to a bank, to obtain a Bounce Back Loan (“BBL”) of £50,000 when Belle was eligible for a BBL of no more than £5,456, in that:?? ?? • 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 1 January 2019 it is their estimated turnover.?? ? • Belle was incorporated on 04 March 2011.? ? • On 09 October 2020, Mrs Cann applied for a BBL of £50,000 on behalf of Belle, declaring that its turnover for the calendar year 2019 was £237,152.? ? • Financial year end accounts to 31 March 2019 confirmed turnover of £9,760, and for 31 March 2020 confirmed turnover of £12,064. Calendar year 2019 turnover could not therefore have been more than £21,824, meaning a maximum BBL of no more than £5,456. ?? • Belle received the BBL funds of £50,000 on 20 October 2020.?? • Following receipt of the BBL, bank statements show net receipts totalling £14,745, including net sales of £6,982 and HMRC furlough grants of £7,046. Bank statements show cash withdrawals totalling £30,300, net transfers to an account operated by Mrs Cann and her co-director totalling £1,500 and apparent payments for the personal benefit of Mrs Cann and her co-director totalling £14,854. • Total liabilities at liquidation amount to £57,786 of which £50,423 relates to the amount owed in respect of the BBL.? 

This information is correct as at 20 / 3 / 2024

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