Name: Richard Jones

Name: THE PORTFOLIO PLACE LIMITED

Date of Birth: 14 / 5 / 1981

Date Order Starts: 3 / 8 / 2026

Disqualification Length: 8 Years 0 Month(s)

CRO Number: 12228268

Last Known Address: 10 Gospel Heights, Radnor Avenue, WIRRAL, , Heswall, CH60 7SJ

Conduct: Richard Stephen Jones (“Mr Jones”) caused and/or allowed The Portfolio Place Limited (“TPP”) to breach the terms and conditions of the Bounce Back Loan (“BBL”) scheme by overstating its turnover in an application to obtain a BBL of £45,000. This resulted in the company receiving more than it was entitled to under the scheme. In that: • A company was entitled to apply for one Bounce Back Loan (“BBL”) of 25% of its 2019 turnover, up to a maximum of £50,000 under the government-backed BBL scheme. When making an application for a BBL, an applicant had to self-certify the company’s 2019 calendar year turnover. Where a company was established after 01 January 2019, the applicant was entitled to provide an estimate of the annual turnover from the date the company started. • TPP was incorporated on 26 September 2019 and commenced trading on 25 October 2019. It was therefore permitted to estimate its annual turnover. • On 5 August 2020 Mr Jones’ co-director applied for a BBL on behalf of TPP, stating that the company had an estimated turnover of £180,000 and TPP received a BBL of £45,000 on 6 August 2020. • At the time of the BBL application, TPP had not produced accounts. However, bank statements show credits of £12,233.89 from the commencement of trading on 25 October 2019 to the date of the BBL application on 5 August 2020. Pro-rated for a period of 12 months this would give an approximate turnover figure of £16,312, entitling TPP to a BBL of £4,078. • The Financial statements for the period 26 September 2019 to 30 September 2020 show actual turnover of £9,770 for the first year of trading. The statements were approved by Mr Jones on 14 June 2021. • Repayments have been made to the BBL lender totalling £10,566. The BBL lender is a creditor in the liquidation in respect of the BBL in the sum of £36,319.82. 

This information is correct as at 20 / 7 / 2026

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