Name: Marko Anastasov  Slavov

Name: Stefanov Services Limited & DMSlavovi Ltd

Date of Birth: 17 / 11 / 1973

Date Order Starts: 11 / 1 / 2023

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 10666727 & 12485234

Last Known Address: 124 Waldegrave Road,, , , , DAGENHAM,, RM8 2QJ

Conduct: Stefanov Services Limited On 28 September 2020 Stefanov Services Limited (“Stefanov”) obtained a Government backed Bounce Back Loan (“BBL”) totalling £50,000 and Marko Anastasov Slavov (“Mr Slavov”) as the sole de jure director, failed to ensure that Stefanov correctly applied for and thereafter used the BBL moneys in their entirety for the economic benefit of the business, contrary to the terms of the BBL. In that: The BBL scheme criteria allowed a business to borrow between £2,000 and up to 25% of the company turnover (with a maximum loan of £50,000), for the purpose of a business carried on or intended to be carried on by the applicant. A company was eligible to apply if it was established and operating before 01 March 2020. Stefanov was incorporated on 26 February 2020 with another party appointed as the sole director (“former director”). There is no evidence of Stefanov trading and no evidence of Stefanov having entered into any transactions prior to the opening of two bank accounts by the former director on 01 July 2020 and 03 July 2020. Stefanov was therefore not eligible to apply for a BBL. Mr Slavov was appointed as a sole director on 17 July 2020. On 19 July 2020 Mr Slavov changed the company name from Stefanov Laundry Limited to Stefanov Services Ltd. On 28 September 2020, Stefanov received a BBL for the amount of £50,000. The balance in the company’s account on 27 September 2020 was £4,785.16. Between 02 October 2020 and 14 October 2020 sums totalling £34,025 were transferred to an associated company in which Mr Slavov was an appointed director and shareholder. There is no evidence that the funds were applied for the economic benefit of Stefanov. Between 06 October 2020 and 07 October 2020 sums totalling to £19,997.58 were transferred to a third-party company in Bulgaria. There is no evidence that the funds were applied for the economic benefit of Stefanov. Stefanov was placed into creditors voluntary liquidation on 26 May 2021 At Liquidation, £69,589 was owed of which £50,000 was in respect of outstanding BBL, £19,589 were to trade creditors. DMSlavovi On 28 May 2020, DMSlavovi Ltd (“DMS”) obtained a Government backed Bounce Back Loan (“BBL”) totalling £50,000 and Marko Anastasov Slavov (“Mr Slavov”) as the sole de jure director, caused DMSlavovi Limited (DMS) to apply for a Bounce Back Loan (“BBL”) of £50,000 to which it was not entitled to and failed to use its entirety for the economic benefit of the business, contrary to the terms of the BBL. In that: The BBL scheme criteria allowed a business to borrow between £2,000 and up to 25% of the company turnover (with a maximum loan of £50,000), for the purpose of a business carried on or intended to be carried on by the applicant. DMS was incorporated on 13 March 2017 in which Mr Slavov and another co-director were appointed as directors on the same day. DMS business was that of the cleaning of textile and fur products. Accounts filed at Companies House for the year ending 31 March 2019 show DMS to be insolvent by £1,559, the previous year’s accounts show dormant trading. A bank account was opened for DMS on 31 December 2018. The statements show that in the year ending 31 March 2020 DMS received credits totalling £34,382. DMS was eligible to borrow a maximum BBL of £8,596 On 28 May 2020, DMS was in receipt of a BBL for the amount of £50,000 which were paid into the company’s bank account. Between 28 May 2020 and 01 June 2020 DMS paid £43,181 to third-party company. There is no evidence that the funds were applied for the economic benefit of the company. The company was placed into creditors voluntary liquidation on 15 April 2021 At Liquidation, £67,050 was owed of which £50,000 was in respect of outstanding BBL and £17,50 were to trade creditors, Failure to maintain, preserve and or deliver up records Marko Anastasov Slavov (“Mr Slavov”) failed to ensure that DMSlavovi Limited (“DMS”) maintained and/or preserved adequate accounting records from 28 May 2020 to 15 April 2021 or in the alternative, has failed to deliver up such records as were maintained to the Liquidator. In the absence of the Company records, it has not been possible to determine: Whether credits totalling £330,657 received between 13 July 2020 and 18 November 2020 represent legitimate trading receipts that were for bona fide business transactions. Whether payments totalling £324,017 made between 28 May 2020 and 6 October 2020 represent genuine company expenses that were for bona fide company transactions. What activities, if any, the company actually performed What taxation is properly due in relation to an activity The amounts extracted by Mr Slavov or any other person, directly or indirectly The amount due to the company by Mr Slavov or any other person or business 

This information is correct as at 22 / 12 / 2022

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