Simon Gorgin, applied for a £45,000 Bounce Back Loan for his company, P3 Estates Ltd, in May 2020, stating that its turnover in 2019 had been £180,000.
A loan of £45,000 arrived in the company’s bank account the following day and three days later he transferred the full £45,000 to his own bank account. Please support our independent journalism, and get access to exclusive news and sport stories, by signing up to aHowever, in April 2021 he applied to dissolve the company, and by December of the same year, when the company was dissolved, the full amount of the loan remained outstanding, prompting an investigation by the Insolvency Service.
The 63-year-old was sole director of the company, from its incorporation in April 2010 until it was dissolved in December 2021.