Name: William Sharman SHARMAN

Name: CORPORATE CONNECTIONS LIMITED

Date of Birth: 12 / 9 / 1984

Date Order Starts: 21 / 7 / 2026

Disqualification Length: 9 Years 0 Month(s)

CRO Number: 12480165,12189341,07006317

Last Known Address: 183 Cole Lane,, Borrowash,, , , DERBY,, DE72 3GN

Conduct: Corporate Connections Limited Mr William Sharman (‘Mr Sharman’) caused Corporate Connections Limited (“CC”) to act in breach of the rules of the Government-backed bounce back loan (“BBL”) scheme by obtaining a BBL of £50,000, when he knew or ought to have known that CC was not eligible for that amount. Furthermore, the BBL monies received were not used for the sole economic benefit of CC. In that: • CC was incorporated on 24 February 2020. • Mr Sharman was appointed as sole director of CC from incorporation until liquidation on 12 October 2023. • Companies were able to apply for a BBL of up to BBL of up to 25% of their annual turnover for 2019, or, if they were incorporated after 01 January 2019, 25% of their estimated turnover from the date the business started. BBL funds were to be used for the sole economic benefit of the applicant company and to be eligible for a BBL the company had to be carrying on business at 01 March 2020 and at the date of the BBL application. • CC’s filed accounts for the period 24 February 2020 to 24 February 2021 state nil turnover • CC opened its bank account in June 2020. • The first transaction into CC’s account was a credit from Mr Sharman on 19 June 2020. Between 19 June 2020 and 28 October 2020, a total of £39,296 was credited to the account from Mr Sharman or connected companies. No trading income was generated during this period. • On 28 October 2020 Mr Sharman applied to CC’s Bank for a BBL of £50,000 stating an annual turnover of £250,000. The BBL funds were credited to CC’s account on 01 November 2020. • Mr Sharman has provided some explanation for how he estimated the turnover for CC; however, no evidence was provided to support it. • Between 18 June 2020 and 19 October 2023, CC received a total of £139,586 in income of which o £83,252 was received from Mr Sharman or connected companies o £50,000 was BBL funding and o £6,334 of potential turnover. • In the same period the following payments were made o £90,025 to connected companies o £37,903 to the Director o £1,460 toward the BBL repayments and o £10,175 in transactions which do not appear to be business related • CC was not eligible for a BBL of £50,000 and at least £43,666 of BBL funds were not utilised for the benefit of CC. • CC’s bank was the only creditor at liquidation with £50,987.18 outstanding in respect of the BBL. Good Flavours Limited Mr William Sharman (‘Mr Sharman’) caused Good Flavours Ltd (“GF”) to act in breach of the rules of the Government-backed bounce back loan (“BBL”) scheme by obtaining a BBL of £50,000, when he knew or ought to have known, that this was at least £37,000 more than GF was entitled to. Furthermore, the BBL funds were not used for the sole economic benefit of GF. In that: • Good Flavours was incorporated on 04 September 2019. • Mr Sharman was sole director of Good Flavours from 04 September 2019 until liquidation on 12 October 2023. • Applicants for BBLs who had commenced trade before 01 January 2019 were required to provide their turnover figure for the 2019 calendar year and could apply for a BBL of up to 25% of that amount. Applicants who had commenced trading after 01 January 2019 – as was the case with GF – were entitled to apply for a BBL of up to 25% of their estimated annual turnover from the date the business started. • BBLs were to be used solely for the economic benefit of the applicant company. Preconditions for eligibility to make a BBL application were that the applicant had been carrying on its business as at 01 March 2020 and had suffered economic detriment as a result of the Covid-19 pandemic. • On 10 June 2020 GF applied to its bank for a BBL of £50,000 stating turnover of £210,000. The BBL funds of £50,000 were credited to GF’s bank account on 11 June 2020. • GF’s bank statements show turnover of £13,864 between the opening of its Bank account on 30 September 2019 and 10 June 2020 when the BBL application was made. • Mr Sharman stated that GF’s turnover was about £1,000 per week, equating to £52,000 per annum. • No evidence has been provided to support the estimated turnover of £210,000. • GF obtained at least £37,000 more in BBL funding that it was eligible for. • BBL funds of £50,000 were credited to GF’s account on 11 June 2020. • GF’s bank account was £10,868 in credit prior to receipt of the BBL. • Between 11 June 2020 and 24 June 2020, a further £1,052 was credited to the account. • On 16 June 2020 a cheque payment for £50,000 was made to Mr Sharman and on 24 June 2024 two further payments of £5,000 were made to him. At least £48,081 of these payments were funded by the BBL. • Mr Sharman has not demonstrated that these payments were for the economic benefit of GF. • At liquidation the bank was the sole creditor with £49,891 outstanding in respect of the BBL. William Sharman Limited Mr William Sharman (‘Mr Sharman’) caused William Sharman Limited (“WS”) to act in breach of the rules of the Government-backed bounce back loan (“BBL”) scheme by obtaining a BBL of £50,000, when he knew or ought to have known that WS was not eligible for a BBL. Furthermore, the BBL funds were not used for the sole economic benefit of WS, in that: • WS was incorporated on 02 September 2009. • Mr Sharman was sole director of WS from 02 September 2009 until 12 October 2023. • Applicants for BBLs who had commenced trading before 01 January 2019 were required to provide their turnover figure for the 2019 calendar year and could apply for a BBL of up to 25% of that amount. Companies who were incorporated after 01 January 2019 were entitled to estimate their turnover when applying for a BBL. • Any BBL received was to be used only for the economic benefit of the applicant company. Preconditions for eligibility to make a BBL application were that the applicant had been carrying on its business as at 01 March 2020 and had suffered economic detriment as a result of the Covid-19 pandemic. • On 07 August 2020 Mr Sharman applied on behalf of WS to its bank for a BBL of £50,000 stating turnover of £270,000. The BBL funds were credited to WS’s bank on 09 October 2020. • WS’s accounts for year ending 30 September 2019 show £nil turnover. • WS’s accounts for year ending 30 September 2020 show £nil turnover. • WS was not eligible for a BBL of any amount as it’s turnover during 2019 was nil. • BBL funds of £50,000 were paid into WS’s BBL account and then transferred into a personal account of Mr Sharman’s. • Mr Sharman stated this account was for both personal and business use. • Mr Sharman’s explanation of how the BBL funds were used does not demonstrate that the funds were used for the sole economic benefit of WS. • WS’s bank has claimed £49,005 in respect of the BBL following WS’s liquidation. 

This information is correct as at 30 / 6 / 2026

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