Name: Claire  Padfield

Name: CP & SB FITTING LIMITED

Date of Birth: 13 / 7 / 1984

Date Order Starts: 19 / 12 / 2025

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 09419554

Last Known Address: 8 Bartestree Close,, , , , REDDITCH,, B98 0AZ

Conduct: Claire Padfield (“Mrs Padfield”), caused CP & SB Fitting Limited (“CP & SB Fitting”) to apply for and obtain a Government Bounce Back Loan (BBL) of £50,000 when she knew or ought to have known that the company turnover declared on the BBL application was overstated which resulted in CP & SB Fitting received more BBL funds than it was entitled to from the BBL scheme, 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 required was that of the calendar year 2019, or where a business was established after 1 January 2019 it is their estimated turnover, provided it was carrying on business on 01 March 2020 and trading as at the date of the application. • The Liquidator stated that the Company Accountant has advised that turnover was projected based on potential projects the company was working on at the time. • CP & SB Fitting was incorporated on 3rd February 2015 and was trading from incorporation, so was not eligible to use estimated or projected turnover figures in the BBL application. • Accounts for the year ending 28 February 2019 show annual turnover of £67,778 and accounts for the year ending 29 February 2020 show turnover of £80,588. • Based on these figures, the maximum BBL for which CP & SB Fitting could have been eligible would have been £20,147, • Mrs Padfield applied for a BBL and in the application she declared the annual turnover as £209,000. Consequently, CP & SB Fitting received funds of £50,000 into the company bank account on 27th November 2020, which is at least £29,853 more than it was entitled to. • Mrs Padfield was the sole director at the time the BBL application was made • CP & SB Fitting entered Creditors Voluntary Liquidation on 7 November 2023 • Total liabilities at the liquidation were £57,839, of which £49,844.37 was due in respect of the BBL. 

This information is correct as at 28 / 11 / 2025

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