CompaniesInTheUK

MR Stuart Lee HOLDSWORTH

1 current appointment · 1 resigned

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.

Stuart Lee HOLDSWORTH

8 Years 0 Month(s)
Same month of birth Name matched
Disqualified from
2023-02-23
Date of birth on record
February 1978

1.Stuart Lee Holdsworth (“Mr Holdsworth”) caused Vindicta Ltd (“the Company”) to apply for a Government-backed Bounce Back Loan (“BBL”) of £50,000 and contrary to the terms of the scheme did not use it in its entirety for the economic benefit of the business. In that: • A company was entitled to apply for a BBL of up to 25% of its turnover under the BBL scheme. It was a requirement of the covid support scheme that the applicant be actively trading on 1 March 2020 to be eligible for the loan and that the proceeds be used for the economic benefit of the company making the application. • On 12 May 2020 the Company applied to Starling Bank for a BBL of £50,000. • On 13 May 2020, a BBL for £50,000 was paid into the Company’s bank account. • Contrary to the terms of the scheme, the entirety of the BBL was paid to Medialicious between 13 May 2020 and 18 June 2020. • On Liquidation the Company’s only creditor was the bounce back loan provider, to whom the outstanding sum due shown in the Estimated Statement of Affairs was £50,000. 2. Stuart Lee Holdsworth failed to disclose information to the Liquidator in that: • On 12 May 2020 the Company applied for a BBL of £50,000. The application stated that the Company was actively trading on 1 March 2020 and declared an anticipated turnover for 2020 of £296,000. • The Report to Creditors in the liquidation signed by him on 13 April 2022 states that the Company never traded. • He subsequently produced bank statements to show that the Company had opened a bank account with another bank on 16 January 2020 into which funds amounting to £63,512 were credited between January and May 2020. • Credits paid into both of the Company’s bank accounts were paid out to Medialicious Limited (“Medialicious”). He has stated that Company sales related to the sale of supplies ordered via Medialicious’ trading account. He is the sole director and shareholder of Medialicious. • Given the number of transactions through Vindicta’s bank account he provided false information to the Liquidator concerning Vindicta’s trading status and the liquidation of the Company proceeded on that basis.

Details

Nationality
British
Country of residence
United Kingdom
Date of birth
February 1978
Correspondence address
15 Fairfields, Upper Denby, Huddersfield, West Yorkshire, United Kingdom, HD8 8UB

Track record

2

companies, the first appointed in 2006. 1 is now dissolved.

Appointments 2

Why these appointments?

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Records that may be the same person 2

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.