Name: Peter Davies

Name: Aintree MMA Ltd

Date of Birth: 1 / 3 / 1977

Date Order Starts: 9 / 4 / 2024

Disqualification Length: 8 Years 0 Month(s)

CRO Number: 10392131

Last Known Address: 2nd Floor, Edward Pavilion, Albert Dock, , LIVERPOOL,

Conduct: On 19 May 2020, Peter James Davies (‘Mr Davies’) caused Aintree MMA Ltd (‘MMA’) to provide misleading information to a bank, to obtain a Bounce Back Loan (‘BBL’) of £50,000 when Mr Davies knew, or ought to have known, that it was eligible for a BBL of no more than £27,434. Further, after obtaining insolvency advice on 19 March 2021, Mr Davies caused MMA to make payments of £36,000 to another company, to the detriment of the general body of creditors, in that: • Mr Davies was the sole director of MMA from incorporation on 23 September 2016. • Companies adversely impacted by Covid 19 could obtain a BBL, which were limited to 25% of 2019 turnover, to a maximum of £50,000. BBL funds were to be used for the economic benefit of the company. • Bank statements for 2019 show income of £109,736, and MMA was therefore eligible for a BBL of no more than £27,434 based on this turnover. • Mr Davies signed the BBL loan agreement on 19 May 2020. In the application process, Mr Davies was asked for “Turnover 2019”. Mr Davies declared turnover of £240,000 for 2019, when he knew, or ought to have known, that this was incorrect. • Bank statements show a BBL of £50,000 was received by MMA on 20 May 2020. • By providing the misleading information, Mr Davies caused MMA to receive a BBL of £50,000, when MMA was eligible for a BBL of no more than £27,434. • The balance on the bank account following receipt of the BBL on 20 May 2020 was £55,535. Receipts into the bank account between receipt of the BBL and 27 May 2021 totalled £42,626, with payments made of £98,173, of which £30,128 was paid to Mr Davies. • Mr Davies first sought advice from insolvency practitioners about the financial position of MMA on 19 March 2021, and was advised to place MMA into liquidation. The balance on the bank account of MMA between receipt of the BBL and 19 March 2021 did not drop below £44,638, whilst the balance on the bank account on 19 March 2021 was £48,085. • After having received insolvency advice, Mr Davies caused MMA to make three payments totalling £36,000 between 24 March 2021 and 28 April 2021 to another company . Mr Davies has stated that the payments were in respect of an informal rental agreement. No records have been provided to the Liquidator, and so it is not known what the terms of the informal rental agreement were, whether any debt was owed at the time the payments were made, or whether the payments were for the economic benefit of the company. • No payments were made to other creditors, and the payments of £36,000 to the company were therefore to the detriment of the other creditors of MMA. 

This information is correct as at 22 / 3 / 2024

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