Name: Christakis  Hadjioannou

Name: Online Company Formations Limited

Date of Birth: 17 / 1 / 1981

Date Order Starts: 12 / 8 / 2025

Disqualification Length: 12 Years 0 Month(s)

CRO Number: 11757893

Last Known Address: 21 Miles Road,, , , , LONDON,, N8 7SJ

Conduct: On 22 May 2020 Christakis Hadjioannou (“Mr Hadjioannou”) caused Online Company Formations Limited (“OCF”) to apply for a Bounce Back Loan (“BBL”) of £50,000 stating the turnover to be £465,000 when he knew or ought to have known that OCF had generated turnover of at most £850 for the 12-month period up to 22 May 2020 and was not therefore eligible for a BBL. In that; • Under the Bounce Back Loan scheme businesses could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of turnover. The turnover figure was self-certified by the applicant. The turnover figure required was that for the calendar year 2019 or where a business was established after 1 January 2019 it is their estimated turnover. • OCF was incorporated on 09 January 2019. • OCF filed accounts on 02 March 2021 for the 31 January 2020 period which show that in that period turnover was £350. Bank statements detail further receipts of £500 for the period from 01 February 2020 to 22 May 2020. • On 22 May 2020 Mr Hadjioannou applied for a bounce back loan of £50,000 on behalf of OCF, declaring its turnover for calendar year of 2019 to be £465,000. Mr Hadjioannou has failed to provide an explanation regarding the amount declared on the BBL application. • On 20 October 2021 OCF filed accounts for the period to 31 January 2021 showing turnover of £77,568. • At liquidation OCF declared liabilities of £43,100 which included £43,000 relating to the BBL On 07 February 2022, Mr Hadjioannou breached his fiduciary duties as a director of OCF by making payments to himself totalling £15,962, at a time when he knew, or ought to have known that OCF was insolvent and had ceased trading. These payments were to the detriment of OCF’s creditors who, at the time, were owed at least £43,100. • On 22 May 2020 OCF applied for and received a bounce bank loan of £50,000 • As of 07 February 2022, after consideration of several scheduled repayments made, OCF’s liability to the bank in respect of the BBL was £43,604 with an overall deficiency to creditors of at least £43,100 • As at 07 February 2022, the balance on OCF’s bank account of £15,962 represented the company’s only asset • On 07 February 2022 Mr Hadjioannou made a £15,962 payment to himself before closing the bank account. The company generated no further income after this date and made no further payments to creditors. • At liquidation OCF declared liabilities of £43,100 

This information is correct as at 25 / 2 / 2026

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