Name: William Gethin Nevett

Name: Platinum Creation Services Ltd and Fire Safe Professionals Limited

Date of Birth: 12 / 7 / 1979

Date Order Starts: 6 / 3 / 2024

Disqualification Length: 12 Years 0 Month(s)

CRO Number: 11282121&12608306

Last Known Address: Glasfryn,, Rhosybol,, , , AMLWCH,, LL68 9TR

Conduct: Platinum Creation Services Ltd Mr William Gethin Nevett (‘Mr Nevett’) caused Platinum Creation Services Ltd (‘PCS’) to obtain a Government-backed Bounce Back Loan (‘BBL’) of £44,000 that it was not eligible for as it was not trading on 01 March 2020 as required by the BBL scheme and did not use the BBL in its entirety for the economic benefit of PCS. In that: The BBL scheme criteria allowed a business to borrow between £2,000 and up to 25% of the company turnover (with a maximum loan of £50,000), for the purpose of a business carried on or intended to be carried on by the applicant. A company was eligible to apply if it was established and operating before 01 March 2020. PCS was incorporated on 18 May 2020. On 10 July 2020 Mr Nevett applied for a BBL stating that its turnover was £260,000 and requesting a BBL of £44,000. PCS’s bank account was opened on 25 July 2020 and the BBL was the first transaction in the account. No other company bank account has been disclosed or identified. Following receipt of the BBL, no sales income was received into the account. PCS received £1,718 which consists of refunds and deposits. Between 25 July 2020 and 01 Feb 2021, payments from the account totalling £44,870 were made. Mr Nevett has not provided evidence that the funds were applied for the economic benefit of the company. PCS was placed into creditors voluntary liquidation on 24 March 2022. At Liquidation, £74,503 was owed of which £44,000 was in respect of outstanding BBL, and £30,503 were to trade creditors. Fire Safe Professionals Limited Mr William Gethin Nevett (‘Mr Nevett’) caused Fire Safe Professionals Ltd (“FSP”) to overstate its turnover on its application for a Bounce Back Loan (“BBL”) resulting in FSP receiving £46,019 more than it was entitled to and failed to use the BBL in its entirety for the economic benefit of FSP. In that: The BBL scheme permitted a loan of up to 25% of a business’ turnover in the calendar year 2019 or estimated turnover if it had been established after 01 January 2019. FSP was incorporated on 28 March 2018 and commenced trading in November 2018; Dormant accounts were filed at Companies House for the year ending 31 March 2019. FSP’s account with Bank A was opened on 23 July 2019 and the first transaction was on 23 September 2019. Between 23 September 2019 to 24 November 2020 a total of £15,924 was paid into the account; Based on this turnover, FSP was eligible to borrow a maximum of £3,981 On 13 November 2020 Mr Nevett applied for a BBL with a different lender, Bank B, stating that FSP’s turnover in 2019 was £250,000 and requesting a BBL of £50,000. The BBL of £50,000 was paid into the account with Bank B on 23 November 2020 and on the following day the entire amount was transferred to FSP’s account with Bank A; Prior to receipt of the BBL, Bank A balance stood at £1,733 in credit Between 21 January 2021 and 9 February 2021, FSP received £5,058 into this account giving total available funds of £56,791 In the same period, payments of £49,000 were made to Mr Nevett; From the payments made to Mr Nevett, £42,209 could not have been funded without the BBL. Mr Nevett has not provided evidence that the payments made to him were used for the benefit of the company. FSP was placed into creditors voluntary liquidation on 24 March 2022 At Liquidation, £116,001 was owed of which £50,000 was in respect of outstanding BBL, £66,001 were to trade creditors. 

This information is correct as at 15 / 2 / 2024

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