Name: Vaidotas  Braziunas

Name: REACH CONSTRUCTION LIMITED

Date of Birth: 11 / 12 / 1977

Date Order Starts: 5 / 3 / 2026

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 09115396

Last Known Address: Flat 144,, Albion Towers,, Golden Grove,, , SOUTHAMPTON,, SO14 1JB

Conduct: Mr Vaidotas Braziunas (“Mr Braziunas”) caused Reach Construction Limited (“Reach”) to breach the terms and conditions of the government-backed Bounce Back Loan (“BBL”) scheme by providing information which he knew or ought to have known was false in an application to obtain a BBL of £50,000. This resulted in Reach receiving £50,000 that it was not entitled to under the BBL scheme. In that: • Under the BBL scheme rules, a company that was carrying on business on 01 March 2020 and was impacted by the Covid-19 pandemic could apply for a BBL of between £2,000 and £50,000, up to a maximum of 25% of its 2019 calendar year turnover. When making the application for a BBL, the applicant had to be engaged in trading or commercial activity as at the date of the BBL application. • The Company was incorporated and commenced to trade on 03 July 2014. Mr Braziunas was appointed as a director on 03 July 2014 and remained as such until the Company entered creditor’s voluntary liquidation on 18 April 2023. • On 17 December 2020 Mr Braziunas applied for a BBL of £50,000 from a BBL Lender. On the application, he certified that the Company’s turnover was £200,000 and declared that the Company was engaged in trading or commercial activity in the United Kingdom as at the date of the application. • The Company’s Financial Statements for years ended 31 July 2019, 2020, and 2021 show turnover was £302,435, £52,577, and nil respectively. There was no turnover in the period from 01 August 2020 to 31 July 2021 and the BBL application was made on 17 December 2020. • The Company’s bank statements show the last trading receipt in the bank account was on 26 February 2020. • In the director’s report of the SIP6, Report to Creditors in the Liquidation, it states that the Company ceased trading on 01 August 2020. The accountant confirmed to the Joint Liquidators that he understood this to be correct. • The Company’s HMRC records show the VAT returns filed for quarters after 01 March 2020 have no sales and purchases. • There are no records and no evidence to show that the Company was engaged in trading or commercial activity as at the date of the BBL application on 17 December 2020 and therefore the Company was not eligible for a BBL. • The Company’s bank statements show that the BBL was paid into the Company’s bank account on 12 January 2021, prior to this the balance on the account was £4.16. The BBL was dissipated thereafter, the majority by 17 February 2021 by which time the balance on the account was £1,392.68. The payments out of the Company bank account in the period from 13 January 2021 to 17 February 2021 include payments totalling £42,926.95 to the director, his wife, associates of the director or banks/services commonly used for international payments. No documentary evidence has been provided to explain these transactions. • There is no evidence that the BBL was used for the economic benefit of the Company. • Reach entered Creditors’ Voluntary Liquidation on 18 April 2023 • The BBL of £47,287.19 remains outstanding at the date of the liquidation. 

This information is correct as at 12 / 2 / 2026

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