Name: Richard Kilde

Name: Viking Construction Solutions Limited

Date of Birth: 8 / 11 / 1976

Date Order Starts: 27 / 2 / 2024

Disqualification Length: 12 Years 0 Month(s)

CRO Number: 11496062

Last Known Address: 12 Brutton Way, , , , Chard, TA20 2HB

Conduct: 1. On 04 May 2020 Mr Richard Keith Kilde (‘Mr Kilde’) applied for and obtained a Government-backed Bounce Back Loan (‘BBL’) of £37,500 for Viking Construction Solutions Ltd (‘VCS’) and provided false or knowingly inaccurate information regarding VCS’s turnover for 2019, causing VPS to receive £18,526 to which it was not entitled. The proceeds of the loan were not used for the economic benefit of the business contrary to the terms and conditions of the BBL scheme. In that: Obtaining a BBL 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; VCS was incorporated in August 2018 and its accounts for the period to 31 August 2019 disclose turnover of £63,365. Its bank statements record income of £75,898 for the calendar year 2019, which would have entitled VCS to a BBL of no more than £18,974; On 04 May 2020 Mr Kilde completed an application form for a BBL from VCS’s bank, self-certifying that its turnover in 2019 was £150,000 and requesting a loan of £37,500. Mr Kilde has failed to provide any documentation to support the level of turnover claimed in the application. Disbursal of the BBL On 07 May 2020 the BBL of £37,500 was paid into VCS’s account; On the same date the entire loan was transferred to Mr Kilde, with the description ‘dividend payment’; No documents have been provided to evidence that this payment was for the economic benefit of the business. At the liquidation date the bank was the majority creditor and it has submitted a proof of debt which includes £35,196 in respect of the BBL. 2. Mr Kilde caused VCS to claim grants from HM Revenue & Customs under the Coronavirus Job Retention Scheme (‘JRS’), totalling £55,040. These grants were claimed and utilised in a manner which was not intended by the scheme. Regular salary payments made prior to the claim show that VCS received at least £33,284 to which it was not entitled, thereby abusing the Covid support measures, in that: Mr Kilde and a connected party were the sole employees of VCS; Prepared accounts for the year to 31 August 2019 show total salaries paid were £17,687; Bank analysis has shown that average monthly salary payments between September 2019 and May 2020 were £1,943. (The average includes 2 ad hoc payments amounting to £3,600). JRS grants were intended to support employees who were furloughed by paying up to 80% of their salaries; The 80% calculation would have entitled VCS to monthly payments of £1,554 or a total of £21,756 From June 2020 to July 2021 JRS grants of £55,040 were claimed and these were used to pay Mr Kilde’s and a connected party’s salaries in full, contrary to the intentions of the scheme; From November 2020 the amount claimed under the JRS increased to £5,000pm; From December 2020 the salary paid to Mr Kilde increased from £732pm to £2,500pm; From January 2020 the salary paid to a second employee increased from £827pm to £2,500pm; A total of £55,040 was claimed in JRS grants and £48,615 was paid to Mr Kilde and the second employee , therefore more was claimed than VCS paid in salaries. 

This information is correct as at 7 / 2 / 2024

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