Name: Daniel BRASCO

Name: GDMSS Ltd

Date of Birth: 11 / 1 / 1975

Date Order Starts: 19 / 10 / 2022

Disqualification Length: 7 Years 0 Month(s)

CRO Number: 11055388

Last Known Address: 333 Nelson Road,, , , , TWICKENHAM,, TW2 7AG

Conduct: Between 18 May 2020 and 12 June 2020, Daniel Brasco (‘Mr Brasco’) allowed GDMSS Ltd (‘GDMSS’) to provide misleading information to obtain two Bounce Back Loans (‘BBLs’), totalling £88,000, resulting in GDMSS obtaining £74,803 more than it was eligible for under the BBL scheme, in that: • Businesses adversely impacted by Covid 19 could apply for a BBL. • Only one BBL was permitted to be obtained per business, for up to 25% of the turnover of a business in 2019, to a maximum value of £50,000. Funds provided were to be used for the economic benefit of the company. • Micro-entity Accounts were filed at Companies House on 11 December 2019, for the period ending 30 November 2019, which were signed by him. There were no formally appointed directors recorded at Companies House on the date he signed the accounts. On the same day, a Corporation Tax return was filed with HMRC for the same period, declaring turnover of £51,000. • Bank receipts for December 2019 total £1,788, which gives estimated total turnover for 2019 of a maximum £52,788. GDMSS was therefore eligible for a BBL of no more than £13,197. • On 18 May 2020, he was appointed as the sole formally appointed director of GDMSS, although it is stated his unappointed co-director was in control of GDMSS. • GDMSS applied for a BBL from Bank A. In the application process, GDMSS was asked for “Turnover 2019”, to which GDMSS provided the misleading figure of £200,000. Application information provided by Bank A record that applicant on behalf of GDMSS was stated to be him, and the loan agreement was signed electronically by “Daniel Brasco” on 19 May 2020. • Bank A paid £40,000 into the bank account of GDMSS on 20 May 2020, which was £26,803 more than GDMSS was eligible for under the BBL scheme. • Contrary to the terms and conditions of the scheme that only one BBL could be obtained for each company, GDMSS made a second BBL application to Bank B, stating that turnover was £192,000. The BBL agreement was signed electronically by “Daniel Brasco” on 11 June 2020. • Bank B paid £48,000 into the bank account of GDMSS on 12 June 2020. GDMSS was not eligible to receive any of the £48,000 obtained from Bank B, as only one BBL loan was allowed, and GDMSS had already obtained £26,803 more than it was eligible for from Bank A. 

This information is correct as at 11 / 10 / 2022

Name: GDMSS Ltd

Date of Birth: 1 / 1 / 1975

Date Order Starts: 7 / 12 / 2022

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 11055388

Last Known Address: 333 Nelson Road,, , , , TWICKENHAM,, TW2 7AG

Conduct: Between 18 May 2020 and 12 June 2020, whilst not formally appointed as a director, Nadir Shoukri (‘Mr Shoukri’) caused or allowed GDMSS Ltd (‘GDMSS’) to provide misleading information to obtain two Bounce Back Loans (‘BBLs’), totalling £88,000, resulting in GDMSS obtaining £74,803 more than it was eligible for under the BBL scheme, in that: • Businesses adversely impacted by Covid 19 could apply for a BBL. • Only one BBL was permitted to be obtained per business, for up to 25% of the turnover of a business in 2019, to a maximum value of £50,000. Funds provided were to be used for the economic benefit of the company. • Micro-entity Accounts were filed at Companies House on 11 December 2019, for the period ending 30 November 2019, which were signed by another individual (‘Individual A’). There were no formally appointed directors recorded at Companies House on the date the accounts were signed. On the same day, a Corporation Tax return was filed with HMRC for the same period, declaring turnover of £51,000. • Bank receipts for December 2019 total £1,788, which gives estimated total turnover for 2019 of a maximum of £52,788. GDMSS was therefore eligible for a BBL of no more than £13,197. • On 18 May 2020, Individual A was appointed as the sole formally appointed director of GDMSS. Whilst Individual A was the sole formally appointed director, He has stated that he was in control of GDMSS, and made all decisions. • GDMSS applied for a BBL from Bank A. The application asked for “Turnover 2019”, to which GDMSS provided the misleading figure of £200,000. • Bank A paid £40,000 into the bank account of GDMSS on 20 May 2020, which was £26,803 more than GDMSS was eligible for under the BBL scheme. • Contrary to the terms and conditions of the BBL scheme that only one BBL could be obtained for each company, GDMSS made a second BBL application to Bank B, stating that turnover was £192,000. • Bank B paid £48,000 into the bank account of GDMSS on 12 June 2020. GDMSS was not eligible to receive any of the £48,000 obtained from Bank B, as only one BBL loan was allowed, and GDMSS had already obtained £26,803 more than it was eligible for from Bank A. • Limited records have been provided to the Liquidator of GDMSS, and as a result it is not known how much, if any, of the BBL funds were used for the economic benefit of GDMSS. He has stated he spent 20-30% of BBL funds received on personal expenses. 

This information is correct as at 17 / 11 / 2022

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