Lytham man's business spent £75,000 of public money and can't explain how

  • 📰 LiveLancs
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 87%

Business News News

Business Business Latest News,Business Business Headlines

He couldn't explain it

A Lytham St Annes man was handed a six year ban from running companies after failing to explain how he’d used tens of thousands of pounds of public money.

Over the next week, around £40,000 of that money was paid to third parties. Weeks later, the company claimed a £25,000 local authority grant but again the vast majority was paid out to a third party over the course of a fortnight.The company, whose records say it was involved in civil engineering, timber sales and real estate letting, had avoided being struck off weeks before the first national lockdown began and weeks before Matthews became sole director and shareholder.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Notts man battles back from addiction to launch global businessThe business has gone from strength to strength in just nine months
Source: nottslive - 🏆 96. / 52 Read more »