Name: Oliver James Mason

Name: MIX OPS LTD and MAGNA ASSET MANAGEMENT LTD

Date of Birth: 15 / 2 / 1987

Date Order Starts: 20 / 5 / 2026

Disqualification Length: 9 Years 0 Month(s)

CRO Number: 11872553and09440715

Last Known Address: Willowbrook, Medway Drive, Coombe Hill Road, , East Grinstead, RH19 4NB

Conduct: Oliver James Mason (“Mr Mason”) caused Mix Ops Limited (“the company”) to make an application for a Government-backed Bounce Back Loan (“BBL”) of £50,000.00 in circumstances where the eligibility criteria had not been met, and the funds were not used for the economic benefit of the company in that: • The BBL scheme rules allowed businesses to apply for a loan of up to 25% of their annual turnover, which businesses would self-certify when completing the BBL application. • The applicable annual turnover was that for the calendar year 2019, if not trading for this period, annual turnover from the date of starting the business could be estimated. For businesses that were part of a group, group turnover could be used. Certification that the business had been adversely impacted by Covid-19 was also required. • Within the application, signed by Mr Mason in his position as Director, on 27 May 2020, Mr Mason provided an annual turnover figure of £500,000.00. This allowed an application to the maximum £50,000.00. • Mr Mason also declared that • - the company was engaged in trading or commercial activity at the date of the application and had been adversely impacted by Covid-19 • - where income was received from sources other than trading activity, more than 50% of its income is derived from trading activity • - he undertook to use the credit granted only to provide economic benefit to the business. And that it would be used wholly for business purposes and not for personal purposes. • The company was registered as a non-trading company, it operated as a payment service only for companies connected through common and/or connected directors. It was however not formally part of a group. From the date of his appointment on 20 May 2020, Mr Mason also had significant control of the company, holding 75% or more of its shares. • Review of the company’s bank statements show receipts totalling £387,935.62 from companies connected to Mix Ops Limited between 20 February 2020 and 29 May 2020. The source of £345,459.20 from this total was investments from members of the public by way of bonds into those connected companies and as such did not constitute trading income. • On 29 May 2020 the company received the £50,000.00 Bounce Back Loan. • On the same date, £50,000.00 was transferred from the company to another company of which Mr Mason was an appointed director. • Review of that company’s bank statements shows that on the same date, £12,500.00 was paid from that account to Mr Mason and £12,500.00 to a fellow director in that company. • Mr Mason has failed to provide evidence to justify his estimation of the company’s annual turnover, how the business was adversely affected by Covid-19, to explain his declaration that more than 50% of the company’s income was derived from trading, or to explain how the payment of £50,000.00 being on the same day and same amount as the Bounce Back loan was made to another company of which he was a director, which in turn made the above payments to himself and his fellow director, were to the economic benefit of the company’s business. 

This information is correct as at 6 / 5 / 2026

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