Case details for Emine COUDOUNAS

Name: Emine COUDOUNAS

Name: S A PLUMBING AND HEATING LTD

Date of Birth: 7 / 6 / 1968

Date Order Starts: 28 / 12 / 2022

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 08755611

Last Known Address: Number 10, 1hs Apriliou Pyla ,, , , , Larnaca , 7080, CYPRUS,

Conduct: Emine Coudounas (Mrs Coudounas) caused S A Plumbing and Heating Limited (S A) to falsely apply for a Bounce Back Loan ("BBL") of 50,000 when she knew or ought to have known that the company did not meet the turnover figure required to obtain a loan of that value. She caused the 50,000 BBL funds to be paid to her co-director and not for the economic benefit of S A in breach of the BBL terms and conditions. Under the terms of the BBL scheme, companies were eligible for a BBL up to 25% of their turnover for the 2019 calendar year. On 18 July 2020, she applied for a BBL of 50,000 on behalf S A and entered a turnover figure of 220,000 on the application form. Analysis of S As company bank account discloses turnover as 80,728 for the 2019 calendar year, meaning S A would have been eligible for a maximum loan of 20,182. The 50,000 BBL was credited into S As bank account on 20 July 2020. Between 20 July 2020 and 22 July 2020, a total of 50,000 was paid out of S As bank account to her co-director, contrary to the terms of the BBL agreement which state that BBL funds must be used for the economic benefit of the business. The BBL of 50,000 remains outstanding at liquidation. 

This information is correct as at 8 / 12 / 2022


Name: Demedris COUDOUNAS

Name: S A PLUMBING AND HEATING LTD

Date of Birth: 11 / 4 / 1958

Date Order Starts: 28 / 12 / 2022

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 08755611

Last Known Address: Number 10, 1hs Apriliou Pyla ,, , , , Larnaca , 7080, CYPRUS,

Conduct: Demedris Coudounas (Mr Coudounas) caused S A Plumbing and Heating Limited (S A) to falsely apply for a Bounce Back Loan ("BBL") of 50,000 when he knew or ought to have known that the company did not meet the turnover figure required to obtain a loan of that value. He allowed the BBL funds to be paid to him personally and not for the economic benefit of S A in breach of the BBL terms and conditions. Under the terms of the BBL scheme, companies were eligible for a BBL up to 25% of their turnover for the 2019 calendar year. On 18 July 2020, his co-director applied for a BBL of 50,000 on behalf S A and entered a turnover figure of 220,000 on the application form. Analysis of S As company bank account discloses turnover as 80,728 for the 2019 calendar year meaning that S A would have been eligible for a maximum loan of 20,182. On 18 July 2020, S A applied for a BBL of 50,000. The 50,000 BBL was credited into S As bank account on 20 July 2020. Between 20 July 2020 and 22 July 2020, a total of 50,000 was paid out of S As bank account to him, contrary to the terms of the BBL agreement which state that BBL funds should be used for the economic benefit of the business. The BBL of 50,000 remains outstanding at liquidation. 

This information is correct as at 8 / 12 / 2022



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