Case details for GARY GOULDEN

Name: GARY GOULDEN

Name: PINK OPTICAL LTD

Date of Birth: 31 / 7 / 1957

Date Order Starts: 18 / 12 / 2024

Disqualification Length: 11 years Years 0 Month(s)

CRO Number: 08933434

Last Known Address: Flat 11, 37 Watkin Road, , , LEICESTER, LE2 7AH

Conduct: On 15 October 2020 Gary Richard Goulden (“Mr Goulden”) caused Pink Optical Ltd (“Pink Optical”) Ltd to obtain two government-backed Bounce Back Loans (“BBL”) contrary to the terms of the BBL scheme as only one BBL was permissible per business and by overstating its turnover to obtain more BBL funds than Pink Optical was entitled to. In that: • Under the BBL scheme businesses were able to apply for one BBL of up to 25% of their turnover for the calendar year 2019 to a maximum of £50,000. The turnover figure was self-certified by the BBL applicant. • Pink Optical was incorporated on 11 March 2014. Pink Optical’s accounts for the years ended 31 March 2019 and 31 March 2020 disclose turnovers of £82,751 and £7,702 respectively; • On 04 May 2020 Mr Goulden applied for a BBL of £22,000 on behalf of Pink Optical declaring that its annual turnover was £160,000. Pink Optical received the BBL funds of £22,000 on 06 May 2020. Mr Goulden applied on behalf of Pink Optical for a ‘top-up’ BBL of £18,000 from the bank received by Pink Optical on 12 November 2020. On the basis of Pink Optical’s turnover for the year ended 31 March 2019, the largest BBL to which the company was entitled was the sum of £20,688; • On 15 October 2020 Mr Goulden applied to a different bank for a second BBL of £45,000 on behalf of Pink Optical declaring that its annual turnover was £184,999. Pink Optical received the BBL funds of £45,000 on 15 October 2020; • Total liabilities at liquidation were £427,835, including £86,557 owed by Pink Optical to the banks in respect of the BBLs obtained. 

This information is correct as at 4 / 12 / 2024



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