Bankrupt Firm of Reform UK's Waste-Busting Local Government Chief Owes Taxpayer £36,000
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Reform UK's Director of Local Government declared a company he owned insolvent two months before the local elections, leaving hundreds of thousands of pounds worth of unpaid debts - including a £31,000 Covid Bounce Back Loan.
Cllr Jaymey McIvor, who now represents Ongar in Epping Forrest (Essex), became Reform UK's first county councillor last year after being expelled by the Conservative Party over allegations that he sent an "unsolicited picture of his genitals".
He is an up-and-coming figure in Reform UK, regularly representing the party on TV and speaking at protests against an asylum seeker hotel in Epping. He was recently appointed as Reform's national "Director of Local Government".
But in March this year, Infinitus Group, a Florist run by Cllr McIvor with him as the sole director, entered liquidation after the firm voted to voluntarily wind itself up.
A liquidators report shows that Infinitus owes £141,025 to creditors. This includes £42,370 to "trade creditors", £31,000 of a Covid Bounce Back Loan and £5,154 owed to HMRC in corporation tax.
McIvor founded the company in 2018 and remained director until October 2020. He returned as director in June 2021.
The emergency Bounce Back Loans are state backed, leaving taxpayers footing the bill if companies holding the loans default on their debts.
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The scheme is credited with saving thousands of businesses during the pandemic. The latest government figures show that £11.9 billion has been paid by the government to banks to cover Bounce Back Loans. But officials estimated in 2021 that nearly 40% are unlikely to be repaid. A further £1.94 billion worth of the loans have been flagged as suspected fraud.
Under the Bounce Back Loan Scheme rules, companies could receive up to 25% of their annual turnover in loans, or no more than £50,000. The scheme ran until 31 March 2021. To receive £31,000 in a Bounce Back Loan, Infinitus would have to have had a turnover of £124,000 the previous year.
However, the unaudited financial statements filed on Companies House for the year ending November 2019 show the company making a loss of £-367 with total assets of £7,635 and liabilities of £8,002. It is not clear if the firm had the required £124,000 turnover needed for a £31,00 Bounce Back Loan.
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Further unaudited financial statements for the year 2020 show that the company registered a profit of just £1,621, while holding £51,335 in "bank loans and overdrafts".
The company appears not to have filed any accounts with Companies House since 2021. It is possible that a compulsory strike off order was withdrawn in order for creditors - including the taxpayer - to claw back any possible debts..
In this position at Reform UK, McIvor has railed against waste of taxpayers' money and promoted Reform's Department of Local Government Efficiency or DOLGE, named after the...
Packed with exclusive investigations, analysis, and features
SUBSCRIBE TODAY
Reform UK's Director of Local Government declared a company he owned insolvent two months before the local elections, leaving hundreds of thousands of pounds worth of unpaid debts - including a £31,000 Covid Bounce Back Loan.
Cllr Jaymey McIvor, who now represents Ongar in Epping Forrest (Essex), became Reform UK's first county councillor last year after being expelled by the Conservative Party over allegations that he sent an "unsolicited picture of his genitals".
He is an up-and-coming figure in Reform UK, regularly representing the party on TV and speaking at protests against an asylum seeker hotel in Epping. He was recently appointed as Reform's national "Director of Local Government".
But in March this year, Infinitus Group, a Florist run by Cllr McIvor with him as the sole director, entered liquidation after the firm voted to voluntarily wind itself up.
A liquidators report shows that Infinitus owes £141,025 to creditors. This includes £42,370 to "trade creditors", £31,000 of a Covid Bounce Back Loan and £5,154 owed to HMRC in corporation tax.
McIvor founded the company in 2018 and remained director until October 2020. He returned as director in June 2021.
The emergency Bounce Back Loans are state backed, leaving taxpayers footing the bill if companies holding the loans default on their debts.
Don't miss a story
SIGN UP TO EMAIL UPDATES
The scheme is credited with saving thousands of businesses during the pandemic. The latest government figures show that £11.9 billion has been paid by the government to banks to cover Bounce Back Loans. But officials estimated in 2021 that nearly 40% are unlikely to be repaid. A further £1.94 billion worth of the loans have been flagged as suspected fraud.
Under the Bounce Back Loan Scheme rules, companies could receive up to 25% of their annual turnover in loans, or no more than £50,000. The scheme ran until 31 March 2021. To receive £31,000 in a Bounce Back Loan, Infinitus would have to have had a turnover of £124,000 the previous year.
However, the unaudited financial statements filed on Companies House for the year ending November 2019 show the company making a loss of £-367 with total assets of £7,635 and liabilities of £8,002. It is not clear if the firm had the required £124,000 turnover needed for a £31,00 Bounce Back Loan.
holding farage to account #reformUNCOVERED
While most the rest of the media seems to happy to give the handful of Reform MPs undue prominence, Byline Times is committed to tracking the activities of Nigel Farage's party when actually in power
EXCLUSIVE
Bankrupt Firm of Reform UK's Waste-Busting Local Government Chief Owes Taxpayer £36,000
12 August 2025
EXCLUSIVE
Nigel Farage Claimed There's 'No Money in Politics' Just Before Running for £91,000+ MP Job
11 August 2025
UPDATE
'Clickbait and Chaos' - 100 days of Reform UK Running Kent County Council
7 August 2025
EXCLUSIVE
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1 August 2025
Reform's Elon Musk-Style 'DOLGE' Team Accused of Making 'False and Misleading' Claims About Flagship Council
29 July 2025
EXCLUSIVE
Reform Council Bans All Mentions of Climate Change While Quietly Taking Green Funds From Government
23 July 2025
Contribute to our #ReformUncovered crowdfunder
Further unaudited financial statements for the year 2020 show that the company registered a profit of just £1,621, while holding £51,335 in "bank loans and overdrafts".
The company appears not to have filed any accounts with Companies House since 2021. It is possible that a compulsory strike off order was withdrawn in order for creditors - including the taxpayer - to claw back any possible debts..
In this position at Reform UK, McIvor has railed against waste of taxpayers' money and promoted Reform's Department of Local Government Efficiency or DOLGE, named after the...
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