Kevin David HOUGHTON

Disqualified from

2025-10-15

Date of birth on record

April 1977

On 04 May 2020 Kevin Houghton (“Mr Houghton”) caused RefStuff Limited (“RefStuff”) to breach the conditions of the Bounce Back Loan (“BBL”) facility applying for a BBL of £25,000 on 04 May 2020 using overstated turnover figures which he knew or ought to have known were inaccurate in the BBL application form and subsequent forms. Then, on 14 May 2020, Mr. Houghton further breached the conditions of the BBL facility by applying for a second BBL of £30,000 and on 23 October 2020 a third BBL of £40,000 by making false declarations when he knew or ought to have known that RefStuff was not eligible for more than one BBL, in that: • Under the BBL scheme businesses were able to apply for up to 25% of their turnover to a maximum of £50,000. Businesses which originally borrowed less than the maximum amount available to them under the Scheme were eligible to top-up their original loan, however the total loan amount was not to exceed 25% of the business’s turnover. Only one loan was available to businesses. • RefStuff was incorporated on 07 January 2016. • Company Accounts show that RefStuff’s turnover between 01 January 2019 and 31 December 2019 was £33,182. • On 04 May 2020 Mr Houghton made an application to ‘BANK A’ for a BBL of £25,000, declaring that its turnover was £100,000. On 05 May 2020 the BBL funds of £25,000 were paid into RefStuff’s bank account held with ‘BANK A’. • On 14 May 2020 Mr Houghton made a further application for a second BBL to ‘BANK B’ for a BBL of £30,000. On 15 May 2020 the BBL funds of £30,000 were paid into RefStuff’s bank account held with ‘BANK B’. • The ‘BANK B’ standard BBL application terms and conditions requires the applicant to self-declare by signing a declaration that they had not made any other application for a BBL for the business. • Mr Houghton made a false declaration that RefStuff had not applied for another BBL, causing RefStuff to receive a second BBL from ‘BANK B’ which it was not entitled to. • On 23 October 2020 Mr Houghton made a further application for a third BBL to ‘BANK C’ for a BBL of £40,000. On 26 October 2020 the BBL funds of £40,000 were paid into RefStuff’s bank account held with ‘BANK C’. • The ‘BANK C’ standard BBL application terms and conditions requires the applicant to self-declare by signing a declaration that they had not made any other application for a BBL for the business. • Mr Houghton made a further false declaration that RefStuff had not applied for another BBL, causing RefStuff to receive a third BBL from ‘BANK C’ which it was not entitled to. • Mr Houghton knew or ought to have known that RefStuff was not entitled to the second and third BBL’s when these applications for the BBL’s were made from ‘BANK B’ and ‘BANK C’ and the funds were received. • Under the terms and conditions of the BBL scheme RefStuff was entitled to apply for a single BBL. RefStuff applied for and received three BBLs totalling £95,000 and in so doing received £86,705 more than it was entitled under the BBL scheme. • RefStuff’s total liabilities as stated in Statement of Affairs at liquidation on 13 November 2024 amount to £161,576 of which £95,000 relates to the amount owed for the BBL’s.