Case details for Vasile MATCAS

Name: Vasile MATCAS


Date of Birth: 12 / 1 / 1992

Date Order Starts: 14 / 11 / 2022

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 10437375

Last Known Address: 3 Weddell Road, , , , HAVERHILL, CB9 0LE

Conduct: Vasile Matcas caused Matcas Ltd (hereinafter referred to as “Matcas”) to obtain a Bounce Back Loan (“BBL”) in excess of the amount allowed as per the terms of the Bounce Back Loan scheme, in that: The terms of the Bounce Back Loan scheme as administered by the British Business Bank state that businesses can apply for between £2,000 up to 25% of their turnover, with the maximum loan being £50,000; An application for a £50,000 Bounce Back Loan was submitted to Barclays Bank Plc on 5 June 2020 by Vasile Matcas; In application for the Bounce Back Loan, Vasile Matcas stated that the turnover was £280,000 and that the £50,000 applied for was equal to or less than 25% of the annual turnover for 2019; The full amount of £50,000 was received into the company bank account on 8 June 2020; Accounts filed for period ending 31 October 2019, turnover was declared as £46,512. Company bank statements show that the turnover for the 2019 was £49,205.57 meaning the maximum loan permitted was £12,301.40; No repayments were made towards the bank Bounce Back Loan. 

This information is correct as at 26 / 10 / 2022

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