Case details for Darren ROBINSON

Name: Darren ROBINSON

Name: ADF Cars Limited

Date of Birth: 15 / 3 / 1985

Date Order Starts: 9 / 9 / 2021

Disqualification Length: 7 Years 0 Month(s)

CRO Number: 10982140

Last Known Address: 75 Blackwell Road,, , , , Huthwaite,, NG17 2RG

Conduct: Darren Robinson (“Mr Robinson”) caused or allowed ADF Cars Ltd (“ADF”) to apply for a Bounce Back Loan (“BBL”) of £50,000 when he knew or ought to have known that the maximum loan ADF was eligible for was £24,288, and to subsequently make payments of £10,977 to the benefit of himself and his co-director. In that: • Accounts for the financial year ending 30/09/19, approved by the directors on 30/06/2020, declared a turnover of £87,802. Bank statements between 01/10/2019 and 31 December 2019 show receipts in respect of sales totalling £9,350. • Bank statements indicate that the last sales receipt paid into the bank account of ADF was received on 26/08/20. • On 05/10/2020, £50,000 was credited to ADF’s bank account in respect of the BBL; • Under the BBL support scheme, BBL’s were limited to 25% of turnover, to a maximum value of £50,000. Based on its turnover, ADF was eligible to obtain a maximum loan of 24,288; • Following receipt of the BBL on 05/10/2020, between 05/10/2020 and 12/10/2020 ADF made payments to finance companies totalling £31,621 and contrary to the conditions of the BBL made personal payments to or on behalf of him and his co-director totalling £10,977 • On 15/10/20, just 10 days after receiving the £50,000, ADF instructed Insolvency Practitioners to place ADF into liquidation. • At liquidation on 13 November 2020, the Bounce Bank Loan of £50,000 had not been repaid. Other creditors are owed £2,800. 

This information is correct as at 20 / 8 / 2021

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