Case details for Samuel NORRIS

Name: Samuel NORRIS

Name: SAF UTILITIES LIMITED

Date of Birth: 24 / 11 / 1991

Date Order Starts: 25 / 11 / 2021

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 09736977

Last Known Address: 7 Cumberland Crescent,, , , , CHELMSFORD,, CM1 4AJ

Conduct: Between 07 May 2020 and 27 July 2020 Samuel Norris (“Mr Norris”) caused SAF Utilities Limited (“SAF”) to breach the conditions of the Bounce Back Loan (“BBL”) Scheme by applying funds obtained under the scheme to his personal benefit and not for the economic benefit of SAF. • On 07 May 2020 a Bounce Back Loan of £25,000 was paid into SAF’s bank account. • Between 07 May 2020 and 27 July 2020 (the day he instructed an Insolvency Practitioner) additional payments totalling £25,630 were made into SAF’s bank account and payments totalling £48,824 were made out of the bank account. • Bank analysis shows that during the period, £23,100 was paid to him, £16,530 was paid to a connected party, £7,414 was used in respect of personal expenditure and £1,780 was withdrawn as cash. These payments breached the conditions of the BBL which stated that it should be used for the economic benefit of the business. • As at Liquidation on 15 September 2020, SAF had no assets and liabilities of £71,912, including £25,000 which is owed in respect of the Bounce Back Loan. 

This information is correct as at 5 / 11 / 2021



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