World sprint champion sentenced after using £100,000 Covid loans to help buy £1.3 million home

Wednesday, 23 July 2025 09:25

British Masters athlete Rick Beardsell obtained two maximum-value Bounce Back Loans for his sportswear manufacturing business and used most of the funds to help buy a £1.3 million home in a Cheshire village Money spent on purchasing the five-bedroom house should have been used to benefit his Sports Creative Limited business Beardsell also broke the rules of the scheme by substantially inflating his company's turnover and securing two loans when businesses should only...Request free trial