Name: Toby James Smith

Name: JEFFREY SMITH & CO LIMITED

Date of Birth: 31 / 8 / 1987

Date Order Starts: 26 / 2 / 2024

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 09316272

Last Known Address: 192 Upper Bridge Road,, , , , CHELMSFORD,, CM2 0RU

Conduct: Toby James Smith caused Jeffrey Smith & Co (“JS & Co”) to make an application for a Bounce Back Loan (“BBL”) of £50,000, using an overstated turnover figure in the loan application form which he knew, or ought to have known, was false. Consequently, JS & Co received more funds that it was entitled to. In that: A business could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of its turnover for the calendar year 2019. On 23 May 2020, Mr Smith made an application for a BBL of £50,000 on behalf of JS & Co stating the turnover was £500,000. JS & Co’s turnover figure for the year ending 30 November 2019 was £110,428 and its bank statements show an income of £3,054.10 for the month of December 2019. The accounts for year ending 30 November 2019 and the bank statements for December 2019 provide a total turnover of £113,482.10, therefore JS & Co was only eligible for a maximum BBL of £28,370.53 and received £21,629.47 more than it was entitled to under the scheme. On 17 May 2022, JS & Co entered into a Creditors’ Voluntary Liquidation with liabilities of £127,792.65, including £50,500 which is owed in respect of the BBL. 

This information is correct as at 6 / 2 / 2024

Name: JEFFREY SMITH & CO LIMITED

Date of Birth: 3 / 5 / 1989

Date Order Starts: 25 / 3 / 2024

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 09316272

Last Known Address: Flat 1-2,, 216 Tufnell Park Road,, , , LONDON,, N19 5EW

Conduct: Anthony James Jeffrey caused or allowed Jeffrey Smith & Co (“JS & Co”) to make an application for a Bounce Back Loan (“BBL”) of £50,000, using an overstated turnover figure in the loan application form which he knew, or ought to have known, was false. Consequently, JS & Co received more funds that it was entitled to, in that: • A business could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of its turnover for the calendar year 2019. • On 23 May 2020, Mr Jeffrey’s co-director made an application for a BBL of £50,000 on behalf of JS & Co stating the turnover was £500,000. • JS & Co’s turnover figure for the year ending 30 November 2019 was £110,428 and its bank statements show an income of £3,054.10 for the month of December 2019. • The accounts for year ending 30 November 2019 and the bank statements for December 2019 provide a total turnover of £113,482.10, therefore JS & Co was only eligible for a maximum BBL of £28,370.53 and received £21,629.47 more than it was entitled to under the scheme. • On 17 May 2022, JS & Co entered into a Creditors’ Voluntary Liquidation with liabilities of £127,792.65, including £50,500 which is owed in respect of the BBL. 

This information is correct as at 5 / 3 / 2024

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