Construction firms’ boss banned after wrongly claiming Bounce Back Loans

But Burke stated on the application forms that turnover was between £200,000 and £320,000 for each company. This allowed him to secure four Bounce Back Loans for the full £50,000 permitted under the scheme.

He spent £174,000 repaying a personal loan to his former partner, which was also a breach of the loans’ conditions.

In February 2021, he sought to dissolve all four companies. This was blocked due to the outstanding loans being identified, and instead the companies were placed in liquidation. The Liquidator has begun recovery action.

Burke admitted obtaining £200,000 in government Bounce Back Loans by overstating company turnover, then using the funds obtained to repay a personal loan and not for the economic benefit of the company.

His ban is effective from 4 August 2022 and lasts for 11 years.

The disqualification prevents him from directly, or indirectly, becoming involved in the promotion, formation or management of a company, without the permission of the court.