Name: Joseph Betts

Name: MORGAN BETTS & CO INSURANCE BROKERS LTD

Date of Birth: 3 / 11 / 1980

Date Order Starts: 19 / 11 / 2025

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 11099689

Last Known Address: 12a Sharaman Close, , , , ST. AUSTELL, PL25 3DH

Conduct: On 20 May 2020 Joseph Betts (“Mr Betts) caused Morgan Betts & Co Insurance Brokers Ltd (“MBCIB”) MBCIB to breach the terms and conditions of the Bounce Back Loan (“BBL”) scheme by either overstating its turnover and obtaining monies to which it was not entitled, or by falsely declaring that MBCIB was carrying on business on 01 March 2020 which wrongly enabled the Company to obtain the BBL. In that: Under the BBL scheme businesses could apply for a loan of between £2,000 and £50,000 subject to a maximum of 25% of its turnover. The turnover figure was self-certified by the applicant. The turnover figure required was that for the calendar year 2019, or where a business was established after 01 January 2019 its estimated turnover from the date the business started. It also had to confirm that the company was carrying on business on 01 March 2020. MBCIB was incorporated on 6 December 2017 and lodged financial accounts to 31 December 2018 showing only movements in director’s loans, and in the year 01 January to 31 December 2019, only £296 passed through its bank account which the defendant does not identify to be trading income. MBCIB became an FCA-authorised representative of a third party company from 09 April 2020. On 20 May 2020, Mr Betts applied for a BBL of £50,000 on behalf of MBCIB declaring it had been carrying on business on 01 March 2020 and that its turnover was £250,000. On 6 June 2020 MBCIB received the BBL funds of £50,000 into its bank account. MBCIB made repayments of £898 towards the BBL. MBCIB entered into Creditors Voluntary liquidation on 14 September 2022. Total liabilities at liquidation amounted to £56,003 of which £50,157.23 was the amount owed in respect of the BBL 

This information is correct as at 29 / 10 / 2025

Name: MORGAN BETTS & CO INSURANCE BROKERS LTD

Date of Birth: 21 / 2 / 1979

Date Order Starts: 19 / 11 / 2025

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 11099689

Last Known Address: Beverston Heligan Caravan & Camping, Pentewan, , , St Austell, PL26 6EL

Conduct: On 20 May 2020, Rachael Shipman (“Ms Shipman”) caused or allowed Morgan Betts & Co Insurance Brokers Ltd (“MBCIB”) MBCIB to breach the terms and conditions of the Bounce Back Loan (“BBL”) scheme by either overstating its turnover and obtaining monies to which it was no entitled, or by falsely declaring that MBCIB was carrying on business on 01 March 2020 which wrongly enabled the Company to obtain the BBL. In that: Under the BBL scheme businesses could apply for a loan of between £2,000 and £50,000 subject to a maximum of 25% of its turnover. The turnover figure was self-certified by the applicant. The turnover figure required was that for the calendar year 2019, or where a business was established after 01 January 2019 its estimated turnover from the date the business started. It also had to confirm that the company was carrying on business on 01 March 2020. MBCIB was incorporated on 6 December 2017 and lodged financial accounts to 31 December 2018 showing only movements in director’s loans, and in the year 01 January to 31 December 2019, only £296 passed through its bank account which the defendant does not identify to be trading income. MBCIB became an FCA-authorised representative of a third party company from 09 April 2020. On 20 May 2020, Ms Shipman’s co-director applied for a BBL of £50,000 on behalf of MBCIB declaring it had been carrying on business on 01 March 2020 and that its turnover was £250,000. On 6 June 2020 MBCIB received the BBL funds of £50,000 into its bank account. MBCIB made repayments of £898 towards the BBL. MBCIB entered into Creditors Voluntary liquidation on 14 September 2022. Total liabilities at liquidation amounted to £56,003 of which £50,157.23 was the amount owed in respect of the BBL. 

This information is correct as at 29 / 10 / 2025

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