Case details for Rafael Henrique Scher

Name: Rafael Henrique Scher


Date of Birth: 27 / 1 / 1983

Date Order Starts: 25 / 10 / 2021

Disqualification Length: 9 Years 0 Month(s)

CRO Number: 11420824

Last Known Address: 16 Maritime Way,, , Brooklands,, , MILTON KEYNES, MK10 7FS

Conduct: Rafael Henrique Scher (“Mr Scher”) caused N&S Solutions Limited (“N&S”) to apply for a Bounce Back Loan of £30,000 on 15 May 2020, at which date N&S had ceased to trade and he knew or ought to have known that N&S was insolvent, and there was no prospect of repayment of the loan. Of the funds, £29,940 was paid to a single trade creditor to the detriment of other creditors to whom there were also outstanding liabilities. Total liabilities in the liquidation are £144,232. In that: • N&S’s main customer entered administration on 14 August 2019; • On 15 January 2020, Mr Scher applied to Companies House to strike N&S from the Register of Companies. The application was later suspended on 14 March 2020; • According to banking activity, N&S had ceased to trade by April 2020 at the latest; • On 15 May 2020, Mr Scher caused or allowed N&S to apply for a Bounce Back Loan of £30,000; • On 19 May 2020, funds of £30,000 were credited to N&S’s business account; • On that same day, funds of £29,940 were transferred to an Instant Savers account and paid to a single supplier; • A day later, on 20 May 2020, Mr Scher approached an Insolvency Practitioner for insolvency advice; • On 10 June 2020, Mr Scher instructed the Insolvency Practitioner to commence the liquidation proceedings. Mr Scher failed to schedule the loan as a liability in the Statement of Affairs which he signed; • On the same day, Mr Scher signed and approved the Liquidator’s SIP16 report to creditors, stating that N&S ceased trading after August 2019 following the main contractor’s administration; At the date of the Liquidation on 23 June 2020, a total of £144,232 was owed to creditors, of which at least £94,253 was owed to HMRC in respect of tax liabilities, £30,000 in respect of the BBL and £19,979 to trade creditors. 

This information is correct as at 7 / 10 / 2021

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