Case details for Ntomfuthi Folorunsho

Name: Ntomfuthi Folorunsho

Name: NP BESPOKE LTD

Date of Birth: 8 / 8 / 1969

Date Order Starts: 8 / 1 / 2025

Disqualification Length: 9 Years Years  Month(s)

CRO Number: 10112440

Last Known Address: Abberton House, Church Lane, , , Colchester, CO3 8LP

Conduct: On 21 September 2020 Ntomfuthi Princess Folorunsho (“Ms Folorunsho”) caused NP Bespoke Ltd (“NP Bespoke”) to make a Bounce Back Loan (“BBL”) application for £50,000 which she knew or ought to have known was more than NP Bespoke was entitled to under the scheme. Ms Folorunsho made a wrongful declaration by overstating NP Bespoke’s turnover and as a result NP Bespoke received more funds than it was entitled to from the BBL scheme. In that: • NP Bespoke was incorporated on 08 April 2016. • A business could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of their turnover in the calendar year 2019. • On 21 September 2020 Ms Folorunsho applied for a BBL of £50,000 on behalf of NP Bespoke declaring a turnover figure of £200,000 for calendar year 2019. • On 22 September 2020, BBL funds of £50,000 were paid into company’s bank account. • Bank statements for year 2019 show a turnover of £32,629 and as such NP Bespoke was entitled to a maximum BBL of £8,157. • The overstatement of turnover meant that NP Bespoke received £41,843 more than it was entitled to from the BBL scheme. • Repayments of £7,717 were made towards the BBL. • On 23 February 2024, NP Bespoke entered Creditors Voluntary Liquidation with known liabilities of £66,542, of which £44,265 is owed in respect of the BBL. 

This information is correct as at 8 / 1 / 2025



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