Case details for Sebastian Griffin

Name: Sebastian Griffin

Name: BSPK WORKSHOP LTD

Date of Birth: 22 / 10 / 1982

Date Order Starts: 5 / 10 / 2021

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 09665172

Last Known Address: 160 Aldwick Road,, , , , BOGNOR REGIS,, PO21 2YQ

Conduct: On 01 October 2020, Sebastian Griffin caused BSPK Workshop Ltd (hereinafter referred to as BSPK) to enter into a transaction to the detriment of the general body of creditors, and to the benefit of himself, by transferring £27,300 to his personal bank account. Those funds were in part introduced into the business by way of a Bounce Back Loan (“BBL”) with the express intention of providing economic benefit to BSPK, in that; • On 11 May 2020, BSPK received a Bounce Back Loan (BBL) totalling £42,000 from Barclays Bank Plc; • After this date until liquidation £12,922.17 was paid into the bank account, other than payments received under the HMRC’s Job Retention Scheme; • Following a meeting with an Insolvency Practitioner on 1 October 2020 to discuss the financial situation of BSPK and the options available, the recommendation was to place BSPK into liquidation; • On 1 October 2020 Sebastian Griffin transferred £27,300 from BSPK’s bank account to his personal bank account for his personal benefit. At this point £3,027.51 remained in the bank account; • On 14 October 2020 Sebastian Griffin instructed the Insolvency Practitioner to commence liquidation proceedings; • Throughout the entire period of trade until receipt of the BBL, BSPK made payments to all classes of creditor as and when they fell due, so that at the date of liquidation, the liabilities owed were £42,000 to Barclays Bank PLC, £11,864 in respect of HMRC and £89 in respect of the Director’s Loan Account. • Mr Griffin states the payment was in respect of unpaid wages but has provided no evidence to support this. 

This information is correct as at 17 / 9 / 2021



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