Not only did the Company Director below blag the BBL from Santander but she then transferred it to a connected company and left it unpaid at liquidation.
On 04 March 2021 Mrs Charlotte Nightingale (“Mrs Nightingale”) caused Holistic Access – Let’s Talk Ltd (“Holistic”) to fraudulently apply for a Bounce Back Loan (“BBL”) of £50,000 on behalf of Holistic when she knew or ought to have known that Holistic was not entitled to apply for a BBL of £50,000.
In that:
- Between 11 March 2021 and 12 March 2021 BBL funds of £50,000 were transferred to Mrs Nightingale and a connected party for no known economic benefit to the business.
- Under the BBL scheme businesses could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of turnover.
- The turnover figure was self-certified by the applicant.
- The turnover figure required was that for calendar year 2019 or where a business was established after 1 January 2019 their estimated turnover.
- The business should be engaged in trading or commercial activity in the UK at the date of the application, carrying on business on 1 March 2020 and have been adversely affected by coronavirus.
- Holistic was incorporated on 16 May 2018
- Financial accounts for year ending 31 May 2019 show that Holistic had turnover of £2,340, these accounts were approved by Ms Nightingale on 03 September 2019. On 04 March 2021 Mrs Nightingale, on behalf of Holistic, applied for a BBL of £50,000, declaring Holistic had turnover of £250,000.
- On 05 March 2021 Holistic received £50,000 into its bank account.
- On the 11 March 2021 £25,000 was transferred to a connected third party
- On the 12 March 2021 £25,000 was transferred to Mrs Nightingale
- Total liabilities at liquidation are £52,100 including £50,000 in respect of the BBL and £2,100 claimed by the director, Mrs Nightingale.
