A Management Consultant who secured two Covid Bounce Back Loans – totalling £80,000 – having twice significantly overstated his company’s turnover has been disqualified for 11 years.
Romain McLean was the sole director of RMC Associates Limited, registered at Kingston Road in Wimbledon. He applied for a £30,000 Covid Bounce Back loan for his business in May 2020, when it was only entitled to around £12,000.
An Insolvency Service investigation found that he had overstated the turnover of his company by more than £100,000 to secure the initial loan.
In an interview during the investigation, Mr McLean admitted exaggerating his turnover to secure the loan, stating that he ‘just wanted to get as much money as he…
