Watford woman claimed £50,000 Covid loan and closed business

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The Insolvency Service says there is no evidence the company had ever traded.

A company director from Hertfordshire who claimed a £50,000 Covid loan and then dissolved her business has been given a suspended prison sentence.

She applied for a voluntary strike-off of the firm a week later and investigators from the Insolvency Service found there was no evidence the company, which was dissolved in October 2020, had ever traded. She was given an 18-month jail sentence, suspended for 12 months, for failing to perform the duties of a director, and a further two-year jail sentence, suspended for 12 months, for fraud.

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