Name: Stanislav Emilov GENADIEV

Name: G & S PERFUMES LTD

Date of Birth: 23 / 2 / 1987

Date Order Starts: 20 / 10 / 2022

Disqualification Length: 5 Years 0 Month(s)

CRO Number: 10365184

Last Known Address: 45 Bartlow Gardens,, , , , ROMFORD,, RM5 3UA

Conduct: Compensation order case Stanislav Emilov Genadiev (Mr Genadiev) caused G & S Perfumes Limited (G&S) to apply for a Bounce Back Loan (BBL) of £50,000 on 23 September 2020 using overstated turnover figures on the application form. Consequently, G&S received monies from the BBL scheme, which it was not entitled to receive: • The terms of the BBL scheme stated that the company: - must have been established and carrying on business on 1 March 2020; - could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of turnover in the calendar year 2019. • G&S was incorporated and trading prior to 1 January 2019. Credits to G&S’s bank account from 1 January 2019 to 7 August 2019 totalled £6,451. Dormant accounts were filed for the period from 8 August 2019 to 7 August 2020. • Despite being dormant on 1 March 2020 and with 25% of a turnover of £6,541 being £1,635, which is below the minimum BBL figure of £2,000, Mr Genadiev applied for a BBL on behalf of G&S on 23 September 2020 stating that the company turnover was £200,000. • On 28 October 2021 G&S entered into creditors’ voluntary liquidation with liabilities of £60,000 including £50,000 which is owed in respect of the BBL. 

This information is correct as at 30 / 9 / 2022

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