Name: Ion Buruian

Name: VMV SOLUTIONS LTD

Date of Birth: 26 / 2 / 1987

Date Order Starts: 28 / 3 / 2025

Disqualification Length: 9 Years 0 Month(s)

CRO Number: 11811080

Last Known Address: 50c The Drive,, , , , ILFORD,, IG1 3HY

Conduct: On 16 June 2020 Ion Buruian (“Mr Buruian”) caused VMV Solutions Limited (“VMV”) to apply for a £50,000 Bounce Back Loan (“BBL”) using overstated turnover figures which resulted in VMV obtaining more BBL funds that it was entitled to, which Mr Buruian knew or ought to have known, in that: • under the BBL scheme a business that was established after 01 January 2019 could apply for a loan of 25% of its estimated annual turnover from the date it started its business, up to a maximum of £50,000; • VMV was incorporated on 06 February 2019 and began trading on 20 February 2019 and was therefore required to use the turnover for the first year of trading; • Full accounts for the period ended 29 February 2020 show that VMV’s turnover was £50,639, on the basis of which its BBL eligibility would have been £12,660; • on 16 June 2020 Mr Buruian applied for a £50,000 BBL for VMV and declared a turnover of £200,000; • the loan was received in the company’s bank account on 17 June 2020; • VMV went into liquidation on 25 July 2023 having repaid £9,294 of the BBL. 

This information is correct as at 12 / 3 / 2025

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