Case details for Billy Alan  Scotter

Name: Billy Alan  Scotter

Name: Scott-Air Mechanical Ltd

Date of Birth: 17 / 2 / 1991

Date Order Starts: 15 / 11 / 2021

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 12589843

Last Known Address: 23 Knockholt Road, , , , LONDON, SE9 6AW

Conduct: On 30 September 2020, Billy Alan Scotter (“Mr Scotter”) caused Scott-Air Mechanical Limited (“SAM”) to apply for a Bounce Back Loan of £50,000 and utilised at least £20,000 of the funds for his personal benefit and not to provide economic benefit to Scott-Air Mechanical Limited, which was to the detriment of SAM’s other creditors, in that: • SAM was incorporated on 6 May 2020. • On 3 July 2020 Mr Scotter lent SAM £18,300 as working capital. • SAM commenced trading on 6 July 2020 when it took over the ongoing work of Mr Scotter’s previous sole proprietorship business (including a project where the customer had given notice on 1 July 2020 that an overpayment of £56,840 had been made.) • The same customer issued an invoice dated 30 September 2020 for the overpayment of £42,028 (including VAT). • On 30 September 2020, Mr Scotter caused SAM to apply for a Bounce Back Loan of £50,000. • On 1 October 2020, SAM received £50,000 into its bank account in relation to the Bounce Back Loan. • On 2 October 2020 Mr Scotter received £3,000 described as salary. • On 2 November 2020 Mr Scotter received £20,000. • On 2 November 2020 Mr Scotter received £3,000 described as salary. • SAM ceased to trade on 9 November 2020. • From 1 October 2020 to cessation of trade; SAM received £60,385 (including the Bounce Back Loan) of which £26,000 was paid to the Director, £2,004 to HMRC and £23,681 to trade and expense creditors. The balance was used to finance the cost of the liquidation and to partly offset the Bounce Back Loan (£13,976). • The Statement of Affairs filed within the liquidation shows unsecured creditors of £106,075 including a debt of £50,000 in respect of the Bounce Back Loan (although the Bank have claimed £36,024 within the liquidation, which remains unpaid.) 

This information is correct as at 26 / 10 / 2021



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