The directors owned separate businesses and applied for £80,000 in covid loan support, based on inflated turnover.

Simon Gorgin applied for a £45,000 bounce back loan for his company, P3 Estates Ltd, in May 2020.

The company was set up in 2010 and Gorgin was the sole director until it was dissolved in December 2021.

However, he had stated on the loan application that P3 Estate’s turnover in 2019 had been £180,000. A loan of £45,000 arrived in the company’s bank account the following day.

But a month earlier, in April 2020 he had applied to dissolve the company and by July of the same year, P3 Estates still owed the full amount of the loan, prompting an investigation by the Insolvency Service.