Name: TINA REDDINGTON

Name: TCRL LIMITED

Date of Birth: 17 / 4 / 1983

Date Order Starts: 11 / 4 / 2024

Disqualification Length: 9 Years 0 Month(s)

CRO Number: 09714804

Last Known Address: THE ORCHARD, MOUNTS ROAD, , , GREENHITHE, DA9 9ND

Conduct: On 15 September 2020 Tina Reddington (“Ms Reddington”) caused TCRL Ltd (“TCRL”) to apply for a Government backed Bounce Back Loan (“BBL”) using overstated turnover figures which resulted in TCRL obtaining a BBL of more than it was entitled to. Furthermore, the BBL funds were not used for the sole economic benefit of TCRL 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 was self-certified by the applicant. The turnover figure required was that for the calendar year 2019 or where a business was established after 1 January 2019 it is their estimated turnover. The terms of the BBL scheme were that the BBL funding should be used for the economic benefit of the company. • TCRL was incorporated on 03 August 2015. • Company Accounts for the year ending 31 August 2019 shows turnover of £135,266 entitling TCRL to a maximum BBL of £33,817 • TCRL bank statements for calendar year 2019 show turnover of £134,784. • On 15 September 2020 Ms Teddington applied for a BBL on behalf of TCRL for £43,000 stating its turnover for 2019 was £172,000. This was £9,183 more than the Company was entitled to. • The BBL proceeds of £43,000 were paid into the bank account on 17 September 2020 taking the account balance to £44,100 in credit. • Between 21 and 24 September 2020 the sum of £37,600 was transferred to a third party, of which £36,500 were BBBL funds. No evidence has been supplied to support that at least £22,310 of this was used for the economic benefit of TCRL. • The remaining proceeds were used to purchase goods and services. No evidence has been provided that these purchases were for the benefit of TCRL. • TCRL made no payments towards the BBL and at liquidation the BBL remained outstanding in full. From at least May 2018 onwards, Tina Reddington (“Ms Reddington) caused TCRL Ltd (“TCRL”) to fail to submit returns and make payment to His Majesties Revenue and Customs (“HMRC”) as and when due. In that: VAT • TCRL was registered with effect from 2 January 2016. • The last return submitted by TCRL was in relation to the quarter 02/18 in which £13,514 was payable. • The sum of £11,000 was paid leaving an outstanding balance of £2,514. • TCRL did not file any further returns throughout trading. • No payments were made by TCRL between 13 June 2018 to liquidation • In November 2021, HMRC issued an assessment in the sum of £310,361 covering the quarters from 05/18 to 10/21, being 15 quarters. • HMRC have submitted a claim for unpaid VAT in the sum of £312,875. • Bank statements from November 2018 to liquidation show that credits relation to business activities were received totalling £417,153. • Payments were made to, or for the benefit of Ms Reddington in the sum of £164,391. 

This information is correct as at 22 / 3 / 2024

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