Paul Christopher Barker was the director and owner of P.B. Signs Ltd, based in Wetherby.
The Insolvency Service found that Barker had breached the terms of the CBILS loan scheme.
He obtained a CBILS loan of £100,000 via Funding Circle in September 2020, but did not use those funds to pay back an existing Bounce Back Loan of £50,000, which had been granted in May 2020.
The terms of the CBILS loan stated that it must be used to repay the whole of any existing BBLS, CLBILS or CCFF loan.
P.B. Signs went into liquidation in September 2021, leaving a total deficiency of £162,828 and with both loans unpaid.
Barker has been disqualified from being a director for five years.
He was born in December 1972 and his last known address was on Hampole Way in Boston Spa, Wetherby.
Note: Printed Banners & Signs, also known as PB Signs, based in Malvern, is entirely unconnected.
