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 A’s 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 A’s bank account on 20 July 2020. • Between 20 July 2020 and 22 July 2020, a total of £50,000 was paid out of S A’s 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: 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 A’s 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 A’s bank account on 20 July 2020. • Between 20 July 2020 and 22 July 2020, a total of £50,000 was paid out of S A’s 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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