Name: Marian Sorin  Cimpan

Name: ALYMAR CONSTRUCTION LTD

Date of Birth: 19 / 8 / 1990

Date Order Starts: 3 / 9 / 2026

Disqualification Length: 9 Years 0 Month(s)

CRO Number: 10861863

Last Known Address: Flat 1,, 83 Station Road,, , , LONDON,, NW4 4PA

Conduct: On or around 09 June 2020, Marian Sorin Cimpan (“Mr Cimpan”) caused Alymar Construction Ltd Ltd (“Alymar”) to apply for and obtain a bounce back loan (“BBL”) of £50,000 by overstating Alymar's turnover, when he knew or ought to have known that Alymar was only entitled to apply for a maximum BBL of £5,459, in that: • Under the BBL scheme businesses could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of turnover. The turnover figure required was that of the calendar year 2019 or where a business was established after 1 January 2019 it is their estimated turnover, provided it was carrying on business on 1 March 2020 and trading at the date of the application. • Alymar was incorporated on 12 July 2017. • Mr Cimpan was the sole director when the BBL application was made and throughout the life of Alymar. • Mr Cimpan applied for a BBL of £50,000, declaring an annual turnover for 2019 of £212,334. • £50,000 in BBL funds were paid into Alymar’s bank account on 9 June 2020. • Accounts for year ending 31 July 2019 show turnover of £21,837. • Accounts for year end 31 July 2020 show turnover of £3,971. • Using the figures to 31 July 2019 the maximum BBL Alymar would be entitled to was £5,459, so it received at least £44,541 more than it was entitled to in BBL proceeds. • Total liabilities shown in the Statement of Affairs at liquidation of Alymar are £45,000, of which £43,200 is due to the bank. 

This information is correct as at 17 / 8 / 2026

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