Case details for Victoria KWAME

Name: Victoria KWAME


Date of Birth: 16 / 11 / 1983

Date Order Starts: 1 / 11 / 2022

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 07696297

Last Known Address: 19 Fyfield Road,, , , , RAINHAM,, RM13 7TT

Conduct: Victoria Kwame “Ms Kwame” caused or allowed 5 Stars Recruitment Ltd (“5 Stars”) to overstate its turnover in its application for a Bounce Back Loan (“BBL”) resulting in 5 Stars receiving a BBL of £50,000 on the 16 November 2020 which she knew or ought to have known that 5 Stars was not eligible for. Further, she failed to use the BBL funds for the economic benefit of 5 Stars, which was a requirement of the BBL scheme, in that: • The BBL scheme allowed businesses affected by the Coronavirus pandemic to apply for a government backed loan of between £2,000 and £50,000, up to a maximum of 25% of turnover in the calendar year 2019. Where a business had not traded for the whole of 2019, a business could provide an estimate of their annual turnover. • On 19 November 2020, she signed an agreement applying for a BBL of £50,000 on behalf of 5 Star. In the application form, 5 Stars’ turnover in the calendar year 2019 was stated to be £225,000. • In the calendar year 2019 bank statements show that total deposits of £2,026 were paid into 5 Stars’ bank account. This was below the turnover level of £8,000 that was required to obtain the minimum BBL of £2,000 meaning 5 Star was not eligible for the BBL scheme. • It is a condition of the BBL scheme that funds must be used for the economic benefit of the company. • Between 17 December 2020 and 10 March 2021, 5 stars made 3 payments totalling £10,500 to company A which she is the sole director of. • Between 23 December 2020 and 31 December 2020, 5 Stars made two payments totalling £14,000 to company B, which her co-director was associated with. • On the 10 March 2021, 5 Star made a payment of £10,000 to an individual associated with her. • The £50,000 BBL remains outstanding as at the date of liquidation. 

This information is correct as at 13 / 10 / 2022

If you believe this page contains any errors, please email with details of the error that you have found.