Case details for STOYAN PETKOV

Name: STOYAN PETKOV

Name: Avithochol Limited

Date of Birth: 24 / 6 / 1994

Date Order Starts: 30 / 11 / 2023

Disqualification Length: 8 Years 0 Month(s)

CRO Number: 10755431

Last Known Address: 24 Dagenham Road, , , , LONDON, E10 7LH

Conduct: On 29 September 2020, Stoyan Petkov (“Mr Petkov”) caused Avithochol Limited (“Avithochol”) to make a Bounce Back Loan (“BBL”) application for £50,000 which he knew or ought to have known was more than Avithochol was entitled to under the terms and conditions of the BBL scheme. Mr Petkov made a wrongful declaration by overstating Avithochol’s turnover and as a result the company received more funds than it was entitled to. In that: A business could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of its turnover for the calendar year 2019. Avithochol submitted accounts for the year end 31 May 2019 and 31 May 2020 showing a turnover of £46,964 and £35,580 respectively. On 29 September 2020, Mr Petkov applied for a BBL of £50,000 on behalf of Avithochol, declaring on the BBL application that Avithochol’ s turnover was £210,000. On 30 September 2020, Avithochol received BBL funds of £50,000, which was at least £38,259 more than it was entitled to, based on its actual turnover. Between 29 October 2021 – 28 February 2022, Avithochol made repayments to the BBL totalling £4,666.42. On 30 May 2022, Avithochol entered Creditors Voluntary Liquidation with £45,333.58 of the BBL still outstanding. 

This information is correct as at 10 / 11 / 2023



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