Case details for Elizabeth RWAGASORE

Name: Elizabeth RWAGASORE

Name: GLOBAL QUALITY CARE LIMITED

Date of Birth: 27 / 11 / 1967

Date Order Starts: 18 / 11 / 2023

Disqualification Length: 12 Years 0 Month(s)

CRO Number: 10130950

Last Known Address: 21 Glebelands,, , , , HARLOW,, CM20 2PA

Conduct: On 14 August 2020 Elizabeth Rwagasore (Ms Rwagasore) caused Global Quality Care Ltd (“Global”) to apply for a Bounce Back Loan (“BBL”) of £50,000 using overstated turnover figures, which resulted in Global obtaining a BBL that was £ £44,553 more than it was entitled to. Ms Rwagasore caused Global to expend the £50,000 BBL funds for purposes that did not provide economic benefit to Global in breach of the BBL terms and conditions. In that: • Under the BBL scheme businesses could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of turnover. The turnover figure was self-certified by the applicant. The turnover figure required was that for the calendar year 2019 or where a business was established after 1 January 2019 it is their estimated turnover. • Global was incorporated on 18 April 2016 • On 14 August 2020 Ms Rwagasore applied for a BBL of £50,000 (on behalf of Global) declaring that its turnover for the calendar year 2019 was £242,555 • Global’s end of year accounts to 30 April 2019 state a turnover of £20,368 • Global’s company bank account shows income form 1 May 2019 -31 December 2019 of £1,418 • Global received the BBL funds of £50,000 on 17 August 2020 • As of 17 August 2020 Global’s bank account was £22.79 in credit. Between 17 August 2020 and 07 September 2020 no deposits other than the £50,000 Bounce Back Loan were received into the bank account. • Between 17 August 2020 and 07 September 2020 six payments totalling £49,990 were paid to E RWAGASORE by bank transfer, referenced ‘dividend’ • Total liabilities at liquidation/administration amount to £51,833 of which £50,000 relates to the amount owed in respect of the BBL. 

This information is correct as at 27 / 11 / 2023



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