Case details for Neil David Bosworth

Name: Neil David Bosworth

Name: NBPM LTD

Date of Birth: 16 / 7 / 1976

Date Order Starts: 12 / 10 / 2021

Disqualification Length: 9 Years 0 Month(s)

CRO Number: 09996954

Last Known Address: 29 Parklands Manor, , Tuke Grove,, , WAKEFIELD, WF1 4AF

Conduct: Neil Bosworth (Mr Bosworth) caused NBPM Limited (NBPM) to apply for two Bounce Back Loans (BBLs) of 25,000 each on 16 May 2020 and 27 November 2020 when NBPM did not meet the criteria for the BBL scheme and thereafter used 18,770 of the loan monies for his personal benefit rather than for the economic benefit of the business, in that: 1. On 16 May 2020 Mr Bosworth overstated NPPMs turnover in his application for a BBL. A business could apply for a loan of between 2,000 and 50,000 subject to a maximum of up to 25% of turnover in calendar year 2019. In his application Mr Bosworth stated NBPM had a turnover of 500k for calendar year 2019. Bank Records show it did not generate any income in calendar year 2019. 2. On 27 November 2020 Mr Bosworth applied for the second 25,000 tranche of a BBL at a time when he knew, or ought to have known, that NBPM was insolvent, having sold its property on 17 November 2020 and having no further means of income. 3. The BBL criteria included that the applicant Mr Bosworth must not use funds for personal benefit. Having received the BBL of 25,000 on 20 May 2020, Mr Bosworth used 10,676 for personal benefit between 20 May 2020 and 17 June 2020. 4. Having received the second BBL of 25,000 on 16 December 2020, Mr Bosworth used 8,094 for personal benefit between 20 December 2020 and 19 March 2021 and paid 10,000 to settle the shortfall from the sale of NBPMs property , which he had personally guaranteed. 5. On 18th March 2021 NBPM entered liquidation with liabilities of 50,000 owed for the two Bounce Back Loans 

This information is correct as at 22 / 9 / 2021



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