Case details for Albert BACI

Name: Albert BACI

Name: Sentinel Close Protection Limited

Date of Birth: 21 / 6 / 1977

Date Order Starts: 16 / 6 / 2022

Disqualification Length: 7 Years 0 Month(s)

CRO Number: 11370795

Last Known Address: Flat 39,, Mansfield Heights,, Great North Road,, , LONDON,, N2 0NY

Conduct: Albert Baci (“Mr Baci”) caused Sentinel Close Protection Limited (“Sentinel”) to breach the conditions of the Bounce Back Loan (“BBL”) scheme by applying for a BBL of £50,000 when he knew or ought to have known that Sentinel was only eligible for a loan to a maximum of £4,759, based on total sales income received in 2019. Of the £50,000, at least £14,658 was paid out for the personal benefit of Mr Baci contrary to the conditions for the use of the BBL. In that: The BBL criteria allowed a business to borrow between £2,000 and up to 25% of the company turnover (up to a maximum of a £50,000 loan). Based on sales income received and banked during 2019, Sentinel was eligible to borrow a maximum of £4,759. Sentinel’s financial statements for the year ending 31 May 2019 shows a turnover of £11,964. Sentinel’s financial statements for the year ending 31 May 2020 shows a turnover of £22,145. Total sales income received into Sentinel’s bank account throughout 2019 amounted to £19,039. In May 2020 Mr Baci applied for a BBL of £50,000 on behalf of the company, stating in the loan application that Sentinel’s turnover for 2019 was £200,000. On 19 May 2020, funds of £50,000 were credited to Sentinel’s bank account. Between 19 May 2020 and 28 December 2020, a total of at least £14,658 of BBL funds were paid for the personal benefit of Mr Baci and not for the economic benefit of the company. At the date of liquidation on 26 May 2021, a total of £61,250 was due to creditors including the full amount of the BBL. 

This information is correct as at 26 / 5 / 2022



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