Case details for Morgan MAROUANI

Name: Morgan MAROUANI


Date of Birth: 3 / 4 / 1982

Date Order Starts: 6 / 1 / 2023

Disqualification Length: 8 Years 0 Month(s)

CRO Number: 10531750

Last Known Address: 215 Capstone Road,, , , , BOURNEMOUTH,, BH8 8SA

Conduct: On 30 October 2020 Mr Morgan Louis Marouani (“Mr Marouani”) caused IRYL to Market UN- Ltd (“IRYL”) to apply for a Bounce Back Loan (“BBL”) that he ought to have known IRYL was not entitled under the terms and conditions of the BBL scheme in that: For companies incorporated before 01 January 2019, a company was entitled to borrow between £2,000 and £50,000 up to a maximum of 25% of the company’s turnover for the 2019 calendar year. If a company was established after 01 January 2019 then the 25% limit was applied to a company’s estimated annual turnover from the date that the company started business. IRYL was incorporated 19 December 2016, and Mr Marouani has stated trading commenced on 07 October 2018. The only known bank account owned and operated by IRYL was opened on 30 October 2020. Mr Marouani has stated that IRYL had no turnover prior obtaining the BBL on 30 October 2020. Mr Marouani, in completing the BBL application on behalf of IRYL, provided a self-certified projected turnover of £210,000, causing the lender to advance to IRYL a BBL of £50,000 on 30 October 2020 to which it was not entitled. This turnover projection by Mr Marouani was based on prospective successful publication and sale of various book products during the 12 month period following the application for the BBL. Mr Marouani has provided no evidence to support the projected turnover figure used to obtain the BBL. IRYL entered liquidation on 07 December 2021 with liabilities totalling £50,485, of which £50,000 is owed to the BBL provider. 

This information is correct as at 19 / 12 / 2022

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