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Insider UK
Insider UK
Business
Peter A Walker

Glasgow engineer banned for £100,000 Bounce Back Loan abuse

A Glasgow-based engineer has been disqualified as a director for 11 years after claiming two separate Bounce Back Loans totalling £100,000, and then using the money for personal benefit.

John Gerard McGarvey, 37, from Rutherglen, was the sole director of CKO Civil Engineering and Surveying, which was incorporated in October 2019 and ran as a surveyor's firm based in Kirkinitlloch, until it went into liquidation in November 2021.

CKO applied for a Bounce Back Loan of £50,000 in July 2020, with McGarvey stating the company had a previous year's turnover of £225,000.

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