The Insolvency Service report into Middle East UK Advertising Ltd found that Jordana Imogen Lynch failed to use CBIL funds of £92,000 to repay an earlier Bounce Back Loan of £50,000.

The firm had received a BBL of £50,000 via HSBC on 4 May 2020.

On 13 October 2020 Lynch applied for a CBIL with Funding Circle on behalf of the business.

She signed a declaration that Middle East UK Advertising met the eligibility criteria for the loan and that if the company had any existing loans under the various Covid-19 taxpayer-backed financial support packages, the CBIL loan would be used to repay any of the existing facilities in full.

On 4 November 2020, the company received £92,000 into its bank account in relation to the CBIL. But the company failed to repay the existing BBL after the new loan was drawn down.

Co-director Anand Shanker Hira was sanctioned over the same matter.

Hira told the CBIL provider that he had informed his co-director of the importance of repaying the BBL upon receipt of the CBIL.

Both Lynch and Hira have been disqualified from being a director for six years.

Lynch’s ban came into effect on 3 June. Her month of birth is July 1990 and her last known address was in Eccles, Manchester.

Hira’s ban is effective from 12 June. His month of birth is January 1974 and his last known address was in Alderley Edge, Cheshire.

Middle East UK Advertising went into creditors’ voluntary liquidation on 1 March 2023 with liabilities of £177,879 of which £44,280 is in respect of the BBL and £87,316 is in respect of the CBIL.