Case details for Lulzim DUROVI

Name: Lulzim DUROVI


Date of Birth: 1 / 11 / 1980

Date Order Starts: 17 / 3 / 2022

Disqualification Length: 8 Years 0 Month(s)

CRO Number: 11255873

Last Known Address: 104 Gloucester Road,, , , , ALDERSHOT,, GU11 3SH

Conduct: 1. Lulzim Durovi (“Mr Durovi”) caused Hampshire Body Shop And Service Centre Limited to overstate its turnover on its application for a ‘Bounce Back Loan’ (“BBL”), resulting in the company receiving more funds from the loan than it was entitled to, in that: • The BBL scheme rules allowed businesses to receive a loan of up to 25% of their annual turnover in the 2019 calendar year, which those businesses would self-certify when completing the BBL application. The company’s application form states its annual turnover for the 2019 calendar year was £350,000 and consequently it obtained a BBL of £50,000. • However, the company’s bank statements showed incoming payments in the 2019 calendar year totalling just £9,974.52 and nothing in the company records delivered up demonstrates that the £350,000 turnover certified on the company’s BBL application form was accurate. 2. From at least 26 May 2020 he failed to ensure that the company adhered to the requirements of the BBL, in that: • In making the application for the BBL, the company undertook to use the BBL only to provide an economic benefit to the company • On 22 May 2020 the company received funds of £50,000 as a ‘Bounce Back Loan’. Between 26 May 2020 and 5 February 2021 payments totalling £46,036.37 were made to him, payments totalling £3,000 were made to a connected party, and cash withdrawals were made totalling £1,000 • Nothing in the company records delivered up demonstrates that these payments were to the economic benefit of the company. 

This information is correct as at 25 / 2 / 2022

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