Case details for Arminas JAZDAUSKAS

Name: Arminas JAZDAUSKAS

Name: AJ Transport Logistics Limited

Date of Birth: 22 / 1 / 1986

Date Order Starts: 14 / 4 / 2022

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 10590894

Last Known Address: 28 James Street,, , , , GILLINGHAM,, ME7 1DQ

Conduct: On or around 07 October 2020 Arminas Jazdauskas (“Mr Jazdauskas”) caused AJ Transport Logistics Limited (“the Company”) to make false representations about the company’s turnover in an application for a Government backed Bounce Back Loan (“BBL”) totalling £50,000 which was materially greater than that which the Company was eligible to apply for and failed to use the BBL for the economic benefit of the company, in that: Amount of BBL the BBL guidelines state that a company could apply for a loan of up to 25% of its annual turnover up to a maximum of £50,000. Therefore, to qualify for a BBL of £50,000 a company’s turnover should be more than £200,000. On 16 July 2021 Mr Jazdauskas signed a report entitled “Financial Information to Creditors and Members of AJ Transport Logistics Limited Pursuant to Statement of Insolvency Practise 6” (“the Report”). The Report confirmed that the Company’s turnover for the years ended 31 January 2018, 2019 and 2020 was £31,437, £34,628, and £38,614 respectively. Use of BBL funds Between 14 October 2020 and 07 June 2021, the total sum of the BBL was transferred to Mr Jazdauskas and was not used for the economic benefit of the Company. No repayments were made to the bounce back loan provider, and the outstanding sum due at liquidation as shown in the Statement of Affairs was £50,000. 

This information is correct as at 25 / 3 / 2022

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