Name: Rowan Bassett

Name: SAINTS SALON EASTBOURNE LIMITED

Date of Birth: 21 / 4 / 1980

Date Order Starts: 7 / 8 / 2026

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 09507520

Last Known Address: 12 St. Philips Avenue, , , , EASTBOURNE, BN22 8LU

Conduct: Mr Rowan Bassett (“Mr Bassett”) breached the terms of the Bounce Back Loan (“BBL”) scheme by causing Saints Salon Eastbourne Limited (“SSEL”) to apply for a government backed BBL of £50,000 when he knew, or ought to have known, that SSEL was not eligible for a loan of that value. Furthermore, Mr Bassett has failed to use the entirety of the BBL for the economic benefit of SSEL, contrary to the BBL scheme terms and conditions, in that: • The BBL scheme terms allowed businesses to receive a loan of up to 25% of their annual turnover for the 2019 calendar year, which the applicant would self-certify when completing the BBL application.    Businesses could receive a BBL of between £2,000 and £50,000. The terms of the BBL scheme also stated that the BBL was to be used only for the economic benefit of that business and not personal purposes. • SSEL was incorporated at Companies House on 24 March 2015, and Mr Bassett was appointed as director on the same date. • Annual accounts for FYE 31 March 2020 show a declared turnover of £94,584. • Mr Basett declared a 2019 turnover figure of £300,000 for the year 2019 on the BBL application. • An annual turnover of £94,584 would have meant that SSEL was entitled to apply for a BBL of up to £23,646. • On 17 June 2020 SSEL received a £50,000 BBL into its bank account, the maximum amount available under the BBL scheme. • By overstating the company turnover on the BBL application, SSEL has received at least £26,354 more than it was entitled to from the government backed BBL scheme. • SSEL’s bank balance prior to receipt of the BBL was £184.99. • On 17 June 2020, £50,000 was transferred from the company bank account to Mr Bassett. • Of the £50,000 paid to Mr Bassett, at least £49,815.01 came from BBL funds, contrary to the terms of the BBL scheme. • SSEL entered creditors voluntary liquidation on 17 April 2025. • At liquidation, SSEL had liabilities totalling £96,508.80 of which £42,172.52 was owed to the bank in respect of the BBL. 

This information is correct as at 20 / 7 / 2026

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