A company director took out a £50,000 pandemic loan when the car company was already in liquidation.
Anthony Stephen Miller was the director of Millers Commercial Refinishers Ltd which traded from July 2017 until early 2020 after which it went into liquidation in June 2020. The company, based in Great Harwood, provided a service of body repair for vehicles damaged in accidents. It officially ceased operations in early 2020.
Miller, 48, had informed third parties that the company would be placed in liquidation and contacted an insolvency practitioner in February 2020. When the company finally went into liquidation in June 2020, the company’s liquidators returned the case at the Insolvency Service.
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However, a subsequent investigation by the Insolvency Service revealed that the company had applied for and received a £50,000 bounce-back loan, although it was clear that companies which had already ceased trading were not eligible. to loans. The loans were offered to businesses during the pandemic with the aim of supporting real businesses during the lockdown.
Miller transferred nearly £30,000 of the loan from the company’s account to a related company, despite owing HMRC at least £30,486 in unpaid VAT, PAYE and other charges at the time Millers Commercial Refinishers was put in liquidation.
The Secretary of State for Business, Energy and Industrial Strategy has accepted a disqualification recognizance from Miller, which began on February 22, 2022 and lasts eight years. The disqualification bond prevents Miller from getting directly or indirectly involved in the promotion, formation or management of a business without court permission.
Rob Clarke, chief investigator for the Insolvency Service, said: “Rebound loans have been made available to commercial companies affected by the pandemic. Anthony Miller knew his business had gone out of business, but he did so. still accepted.
“We will not hesitate to take action against administrators who have abused Covid-19 financial support like this, and his long ban should serve as a warning to others.”