Case details for Mihai Alexandru Boscovici

Name: Mihai Alexandru Boscovici

Name: ALEX BOSCOVICI SPEDITION LIMITED

Date of Birth: 16 / 3 / 1987

Date Order Starts: 13 / 4 / 2022

Disqualification Length: 9 Years 0 Month(s)

CRO Number: 09556471

Last Known Address: 24 Millwright Way, Flitwick, , , BEDFORD, MK45 1BL

Conduct: On 15 May 2020 Mr Mihai Alexandru Boscovici (‘Mr Boscovici’) obtained a Government-backed Bounce Back Loan (‘BBL’) of £50,000 for Alex Boscovici Spedition Ltd (‘ABS’) by falsely overstating its turnover in the application and disbursed the moneys in manner that was not for the economic benefit of ABS, contrary to the terms of the BBL scheme. In that: • Mr Boscovici signed a BBL application on 14 May 2020 stating that ABS’s turnover was £300,000 and requesting a loan of £50,000; • In the year to 30 April 2019 ABS’s accounts show that it had received income of £44,643 which would have entitled it to a BBL of no more than £11,160; • The loan was received on 15 May 2020; • By 08 June 2020 the moneys received had been dissipated in payments to Mr Boscovici and cash totalling £24,241, and also in payments to third parties; • Mr Boscovici has not provided any or any satisfactory explanation for these payments and has not produced adequate documentation to the liquidator to support them. • At the liquidation date the only liabilities were to the bank and HM Revenue & Customs for Corporation Tax for the year ended 30 April 2020. 

This information is correct as at 23 / 3 / 2022



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