Name: SAVIO GILBERT PEREIRA

Name: HIMALAYAN ZEST TAKEAWAY LTD

Date of Birth: 2 / 11 / 1976

Date Order Starts: 15 / 11 / 2022

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 11320639

Last Known Address: 7 Gamston Walk,, , , , CORBY,, NN18 0AL

Conduct: On 15 June 2020, Mr Savio Gilbert Pereira (“Mr Pereira”) caused Himalayan Zest Takeaway Ltd (“Himalayan”) to apply for a Bounce Back Loan (“BBL”) of £50,000, when he knew or ought to have known that Himalayan was not eligible for at least £30,043 of the loan, and between 17 June 2020 and 27 August 2020 failed to use the funds in their entirety for the economic benefit of the company as follows: During the Covid-19 pandemic, the Government backed loans to limited companies to assist them through a difficult and uncertain period. The BBL terms and conditions stipulated that the loan would be between £2,000 and £50,000 and no more that 25% of the company’s 2019 turnover. and that the funds should be used for the benefit of the business and not for personal purposes. Accounts prepared for Himalayan dated 30 April 2019 and 30 April 2020, show the company turnover was £79,827 and £67,243. These accounts were signed by Mr Pereira on 9 January 2020 and 13 August 2020 respectively. On 15 June 2020, Himalayan applied for a Bounce Back Loan (BBL) of £50,000 with a stated turnover of £207,570. On 17 June 2020, £50,000 BBL funds were paid into Himalayan’s bank account and the bank account stood at £54,605 Between 17 June 2020 and 27 August 2020 the bank balance fell to £1,040, the BBL having been utilised in full. The expenditure in this period included one £10,000 payment made direct to Mr Pereira, nine £3,000 debit payments and one £1,000 debit payment made from the bank account to an unknown recipient and £16,800 withdrawn in cash in round sum amounts. Mr Pereira has failed to evidence satisfactorily that any of these funds were utilised for the economic benefit of Himalayan. At the date of liquidation, Himalayan had liabilities of £51,410 consisting of £1,410 Directors Loan and £50,000 Bank (BBL). 

This information is correct as at 26 / 10 / 2022

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