Case details for Tsvetelina Angelova

Name: Tsvetelina Angelova

Name: TSA 88 Services Limited

Date of Birth: 19 / 12 / 1988

Date Order Starts: 29 / 11 / 2023

Disqualification Length: 9 Years 0 Month(s)

CRO Number: 11564304

Last Known Address: 30 Garibaldi Street, , , , LONDON, SE18 1DE

Conduct: On 25 July 2020 Tsvetelina Angelova (“Ms Angelova”) caused TSA 88 Services Limited (“TSA”) to apply for a Bounce Back Loan (“BBL”) of £50,000 which she knew or ought to have known did not meet the terms of the scheme. Ms Angelova made a wrongful declaration by overstating TSA’s turnover, as a result TSA has received more funds than it was entitled to. In that: A business could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of turnover in calendar year 2019. TSA was incorporated on 11 September 2018. Bank statements for the year 2019, show turnover of £15,949 into the company account. Financial Accounts for period from 11 September 2018 to 30 September 2019 show a turnover of £17,130 dated 23 December 2019. Financial Accounts for year-ended 30 September 2020 show a turnover of £12,487. Ms Angelova obtained a BBL of £50,000 and stated the annual turnover for TSA for 2019 was £200,000. On 27 July 2020, a BBL of £50,000 was paid into TSA’s bank account. 

This information is correct as at 9 / 11 / 2023

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