ALTITUDE ACCESS SOLUTIONS LIMITED

Luke SMITH

November 1989

Disqualified from being a director because of their conduct for the period of

10 Years 0 Month(s)

Disqualification starts from

20 June 2024

Improper conduct which resulted in their disqualification

On 28 October 2020, Luke Smith (‘Mr Smith’) provided false information when making a Bounce Back Loan (‘BBL’) application for Altitude Access Solutions Ltd (‘Altitude’) by overestimating Altitude’s turnover. As a result, Altitude has received BBL funds of £37,323 that it was not entitled to.?? In that: 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 the calendar year 2019 or where a business was established after 1 January 2019 it is their estimated turnover.?? ? Altitude was incorporated on 05 November 2019, with Mr Smith confirming that Altitude commenced trading that same month. ? On 28 October 2020, approximately 11 months after Altitude commenced trading, Mr Smith applied for a BBL of £50,000 on behalf of Altitude declaring that its estimated annual turnover was £240,000.? ? Accounts for the financial year ending 30 November 2020 confirm that turnover was £50,706, meaning the maximum BBL which Altitude was eligible for was £12,677. ?? Altitude received the BBL funds of £50,000 on 30 October 2020.?? ? ? Total liabilities at liquidation amount to £50,411 of which £50,135 relates to the amount owed in respect of the BBL.?