Name: Timothy Scott Loveday

Name: SYNTHESIS CONSULTANTS LIMITED

Date of Birth: 22 / 9 / 1977

Date Order Starts: 29 / 5 / 2026

Disqualification Length: 10 Years  Month(s)

CRO Number: 10609775

Last Known Address: 15 Napier Road, , , , AYLESBURY, HP19 7AY

Conduct: Mr Timothy Scott Loveday (“Mr Loveday”) breached the terms of the Bounce Back Loan Scheme by causing Synthesis Consultants Limited (“SCL”) to overstate its turnover on its application for a Bounce Back Loan (“BBL”) resulting in SCL receiving a BBL of £50,000 when he knew or ought to have known that SCL was only eligible for a loan to a maximum of £26,017. In that: • Under the BBL scheme companies could borrow up to 25% of their turnover with a maximum loan of £50,000. As the company was established before 01 January 2019, the relevant turnover for determining its eligibility for a BBL was that for the 2019 calendar year, that is its turnover for the period between 01 January and 31 December 2019. • SCL was incorporated on 09 February 2017; • SCL commenced trading in February 2017; • SCL’s accounts for the years ending 31 March 2019 and 31 March 2020 show turnover of £83,080 and £34,030 respectively. • Mr Loveday applied for a BBL of £50,000 on behalf of SCL declaring that SCL’s annual turnover for the calendar year 2019 was £220,000 and consequently on 12 August 2020 SCL received £50,000; • SCL’s bank statements evidence receipts of £104,069 for the calendar year 2019 SCL would have been entitled to a BBL of no more than £26,017. SCL received at least £23,983 more than it was entitled to from the BBL scheme; • Total liabilities at liquidation were £56,584 including £48,470 owed to the Bank in respect of the BBL obtained. 

This information is correct as at 12 / 5 / 2026

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