Case details for Ventsislav Vasilev Shikov

Name: Ventsislav Vasilev Shikov

Name: VKV DECOR LTD

Date of Birth: 30 / 7 / 1979

Date Order Starts: 5 / 12 / 2023

Disqualification Length: 11 Years O Month(s)

CRO Number: 10937187

Last Known Address: 30 Berrymoor Road,, , , , WELLINGBOROUGH,, NN8 2HS

Conduct: Ventsislav Vasilev Shikov caused VKV Decor Ltd (“VKV”) to breach the conditions of the government backed bounce back loan (“BBL”) scheme by applying for and obtaining a second BBL of £50,000 to which it was not entitled by submitting false or knowingly inaccurate information contrary to the terms of the BBL. In that: The BBL Scheme permitted businesses to apply for one loan of between £2,000 and up to 25% of their 2019 turnover, to a maximum of £50,000. VKV applied for a £5,000 BBL on 14 May 2020 with Bank A, declaring turnover of £20,000. VKV received the £5,000 BBL on 18 May 2020. VKV’s bank statements record turnover of £26,062 during the calendar year 2019, which would have entitled it to a BBL of up to £6,516. VKV applied for a £50,000 BBL on 2 July 2020 with Bank B, declaring turnover of £200,000. The application included a declaration that it was the only BBL application for the business and that it had not already received a Bounce Back Loan. VKV received the £50,000 BBL on 1 September 2020. When VKV entered liquidation on 16 February 2023, it declared liabilities of £57,514, including sums of £4,457 and £49,384 owed to the two BBL providers. 

This information is correct as at 14 / 11 / 2023



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