LDP COMPONENTS LIMITED

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Disqualified Directors Conduct

JAMES CAMPBELL
May 1955
Disqualified from being a director because of their conduct for the period of
8 Years 0 Month(s)
Disqualification starts from
5 February 2024
Improper conduct which resulted in their disqualification
On 13 July 2020, James Campbell (“Mr Campbell) caused LDP Components Limited (“LDP”) to apply for a Bounce Back Loan (“BBL”) of £30,000 by overstating LDP’s turnover. As a result, LDP received BBL funds of £13,555 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. • LDP was incorporated on 11 January 2011. • On 13 July 2020, Mr Campbell applied for a BBL of £30,000 on behalf of LDP declaring that its turnover for the calendar year 2019, or estimated annual turnover was £120,000. • Accounts for LDP for the period ending 31 July 2019 record turnover for the trading period to be £68,925. The accounts were signed on 29 April 2020 by Mr Campbell. • Accounts for LDP for the period ending 31 July 2020 record turnover for the trading period to be £41,358. • LDP’s bank statements for the period 01 January 2019 to 31 December 2019 record credits/turnover of £65,781. Based on this amount LDP would have been entitled to apply for a BBL of £16,445. Therefore, LDP received BBL funds of £13,555 that it was not entitled to. • The BBL agreement was signed by Mr Campbell on 13 July 2020. • The BBL monies were paid into LDP’s bank account on 15 July 2020. • LDP entered into Creditors Voluntary liquidation on 11 October 2022. Total liabilities at liquidation amounted to £41,822 of which £30,000 related to amount owed in respect of the BBL.
SUSAN CAMPBELL
August 1953
Disqualified from being a director because of their conduct for the period of
8 Years 0 Month(s)
Disqualification starts from
5 February 2024
Improper conduct which resulted in their disqualification
On 13 July 2020, Susan Campbell (“Mrs Campbell”) caused LDP Components Limited (“LDP”) apply for a Bounce Back Loan (“BBL”) of £30,000 by overstating LDP’s turnover. As a result, LDP received BBL funds of £13,555 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. • LDP was incorporated on 11 January 2011. • On 13 July 2020, Mrs Campbell’s co-director applied for a BBL of £30,000 on behalf of LDP declaring that its turnover for the calendar year 2019, or estimated annual turnover was £120,000. • Accounts for LDP for the period ending 31 July 2019 record turnover for the trading period to be £68,925. The accounts were signed on 29 April 2020 by Mrs Campbell’s co-director. • Accounts for LDP for the period ending 31 July 2020 record turnover for the trading period to be £41,358. • LDP’s bank statements for the period 01 January 2019 to 31 December 2019 record credits/turnover of £65,781. Based on this amount LDP would have been entitled to apply for a BBL of £16,445. Therefore, LDP received BBL funds of £13,555 that it was not entitled to. • The BBL agreement was signed by Mrs Campbell’s co-director on 13 July 2020, with Mrs Campbell’s knowledge. • The BBL monies were paid into LDP’s bank account on 15 July 2020. • LDP entered into Creditors Voluntary liquidation on 11 October 2022. Total liabilities at liquidation amounted to £41,822 of which £30,000 related to amount owed in respect of the BBL.

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