CompaniesInTheUK

KENNETH RAYMOND PRATT

1 current appointment

Director disqualification 1

A record on the Insolvency Service's register of disqualified directors matches this person's name and date of birth. Companies House publishes no reliable person identifier, so confirm on the official register before relying on it.

Kenneth Raymond Pratt

6 Years 0 Month(s)
Same month of birth Name matched
Disqualified from
2023-03-16
Date of birth on record
November 1955

Mr Kenneth Raymond Pratt (“Mr Pratt”) caused McKay & Innes Limited (McKay & Innes) to apply for a Bounce Back Loan (“BBL”) of £50,000 and did not use the loan monies for the economic benefit of the Company, contrary to the terms of the loan. In that: On 11 September 2020 Mr Pratt signed a bounce back loan agreement with the bank in which he declared: McKay & Innes required the bounce back loan of £50,000 because the business had been adversely affected by the Covid-19 pandemic, and McKay & Innes would use the loan for working capital and general business purposes solely for the economic benefit of the company. Despite the declaration on 27 October 2020 the £50,000 BBL was withdrawn from the bank account of McKay & Innes by cheque made payable to a connected company. Enquiries made of Mr Pratt revealed the full £50,000 BBL was used, by a further connected company, for the purchase of assets, which breached the terms of McKay& Innes’s lending agreement. On 15 March 2022 Mr Pratt placed McKay & Innes into Creditors Voluntary Liquidation with an estimated deficiency of £120,000 of which £50,000 is owed to the bank in respect of the bounce back loan.

Details

Occupation
PROPERTY MANAGER
Nationality
BRITISH
Country of residence
UK
Date of birth
November 1955
Correspondence address
OLDTOWN FARM, PETERCULTER, ABERDEEN, AB14 0LN

Appointments 1

Why these appointments?

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Records that may be the same person 1

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