CompaniesInTheUK

MR David FOSTER

3 current appointments · 1 resigned

Director disqualification 1

A record on the Insolvency Service's register of disqualified directors matches this person's name and a company they were an officer of. Companies House publishes no reliable person identifier, so confirm on the official register before relying on it.

DAVID FOSTER

12 Years 0 Month(s)
Same company (no. 11626854) Same month of birth Name matched
Disqualified from
2024-05-20
Date of birth on record
June 1971

On 6 October 2020 David Foster caused Infrastructure Delivery Solutions Ltd (“Infrastructure”) to breach the conditions of the Bounce Back Loan (“BBL”) scheme by applying for a second BBL for £50,000 when he knew or ought to have known that Infrastructure failed to be eligible for the loan. In addition, when obtaining both BBLs on 19 September 2020 and 6 October 2020 Mr Foster overstated Infrastructure’s turnover on the applications. Consequently Infrastructure received more money than it was entitled to from the BBL scheme. In that; The terms of the BBL scheme included that a business could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of turnover in calendar year 2019 (or where a business was established after 1 January 2019 it is their estimated turnover) and that a business should not apply for a loan if it is already in the process of applying for, or has already received a BBL as under the scheme it could only have one BBL. Accounts for period from 17 October 2018 to 31 October 2019 show a turnover of £117,563. An analysis of Infrastructure’s bank account shows that in the calendar year 2019 £138,385 was received into the bank account and Infrastructure’s Sage accounting package recorded its sales as £139,257. Mr Foster knew or ought to have known that the maximum BBL Infrastructure was entitled to was £34,814. On 19 September 2020 Mr Foster signed a BBL application to Bank A for the maximum amount of £50,000 using a turnover figure of £265,000 with the proceeds received on 22 September 2020. Despite Infrastructure obtaining a BBL on 22 September 2020 for £50,000 with Bank A, on 6 October 2020 Mr Foster caused Infrastructure to obtain a second BBL with Bank B for £50,000 in the knowledge that the company had already received the maximum BBL available from Bank A At liquidation Infrastructure had liabilities totalling £204.668 including £100,057 owed in respect of the two BBLs.

Details

Occupation
Restaurateur
Nationality
British
Country of residence
United Kingdom
Date of birth
June 1971
Correspondence address
13 Station Road Station Road, March, England, PE15 8LB

Track record

4

companies, the first appointed in 2017. All 4 are now dissolved.

Appointments 4

Why these appointments?

Companies House does not publish a reliable identifier for a person. We group appointments by name and date of birth, so this list may be incomplete — the same person can appear under a different spelling or with no date of birth recorded.

Records that may be the same person 4

These are separate Companies House records that share details with this one. Companies House does not publish a reliable person identifier, so they may or may not be the same individual. Check before relying on this.