Case details for Ioan MOROSAN

Name: Ioan MOROSAN

Name: YAN&TRANS LTD

Date of Birth: 3 / 8 / 1986

Date Order Starts: 20 / 11 / 2023

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 09054499

Last Known Address: 7 Parnell Close, Chafford Hundred, , , Grays, RM16 6BQ

Conduct: On or around 14 May 2020, Ioan Morosan (“Mr Morosan”) caused Yan&Trans Limited (“Y&T”) to breach the conditions of the Bounce Back Loan (“BBL”) Scheme by overstating the company turnover, in that; The BBL eligibility criteria allowed a business to borrow between £2,000 and up to 25% of the company turnover (up to a maximum of a £50,000 loan). The turnover figure required was for the calendar year 2019 or where a business was established after 1 January 2019, the applicant was required to apply a 25% limit to the estimated annual turnover from the date the business started. Y&T’s end of year accounts for the period ended 31 May 2019 which were signed by Mr Morosan on 21 February 2020 show turnover of £45,917. Y&T’s end of year accounts for the period ended 31 May 2020 show turnover of £7,971. On 14 May 2020 Mr Morosan applied for a £50,000 BBL on behalf of Y&T and stated on the BBL application form that the company’s turnover for the 2019 calendar period was £200,000. On 18 May 2020 Y&T received the £50,000 BBL, an amount to which it as not entitled. The £50,000 BBL remained outstanding at the date of liquidation. 

This information is correct as at 1 / 11 / 2023



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