A property management firm owner from Glasgow has been disqualified as a director for 12 years, after using his companies to take out Bounce Back Loans (BBL) totalling £135,000 that they were not eligible for.
Brendan Michael Gaughan, 40, ran three separate property management companies - Gaughan Group, Gaughan Property and Rentl Property - which were only incorporated in February 2020 and did no business until April 2020.
As a result, they were not eligible for funds through the BBL scheme, which was available only to firms that had been doing business on 1 March 2020.
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