Overview

• At Chester Crown Court, the former world sprinting champion admitted two counts of fraud after stating on HSBC and NatWest loan forms that Sports Creative Ltd’s turnover was £485,000 and £320,000, despite unaudited accounts showing £20,622
• None of the £100,000 secured was used for business purposes and the funds were transferred into personal accounts and applied toward purchasing a five-bedroom mansion in Prestbury, Cheshire
• Beardsell repaid both Bounce Back loans in full to HSBC and NatWest earlier this year prior to his sentencing
• Sentencing Judge Simon Berkson suspended an 18-month prison term for two years and ordered 250 hours of unpaid work plus £11,152 in prosecution costs
• Sports Creative Ltd entered liquidation in December 2021 and was wound up in 2022, while Beardsell’s Dragons’ Den-backed ShakeSphere business remains operational