Name: Rytis Vaiksnoras

Name: Ava Sante Ltd

Date of Birth: 4 / 4 / 1983

Date Order Starts: 17 / 3 / 2025

Disqualification Length: 6 years Years 0 Month(s)

CRO Number: 11811267

Last Known Address: 28 Barnstaple Road,, , , , ROMFORD, , RM3 7SS

Conduct: Between 29 May 2020 and 17 December 2020, Mr Rytis Vaiksnoras (“Mr Vaiksnoras”) caused Ava Sante Ltd (“ASL” or “the Company”) to make two Bounce Back Loan (“BBL”) applications amounting to £31,200 which he knew, or ought to have known, that ASL was not eligible for. Mr Vaiksnoras made a false declaration by overstating ASL’s estimated turnover, as a result, ASL received BBL funds that it was not entitled to and failed to utilise at least £19,500 of the BBL funds for the economic benefit of the business, in breach of the terms and conditions of the BBL scheme. In particular: • Under the BBL 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. • ASL was incorporated 6 February 2019 and was therefore entitled to use estimated turnover. • On 29 May 2020, Mr Vaiksnoras applied for a BBL in the sum of £25,000 on behalf of ASL declaring that its estimated annual turnover from the date the business started was £125,000. • ASL received the BBL funds of £25,000 on 2 June 2020. • On 29 November 2020, Mr Vaiksnoras applied for a top-up BBL in the sum of £6,200 on behalf of ASL. • ASL received the top up BBL funds of £6,200 on 17 December 2020. • The Company operated one known bank account. This was opened on 10 December 2019 with a credit of £200 on 12 December 2019, described as a loan from Mr Vaiksnoras. No other credits were received prior to the BBL monies on 02 June 2020, and throughout the operation the account shows no receipts from unconnected third parties. • Filed micro-accounts for ASL for the period from incorporation to 28 February 2020, approved by Mr Vaiksnoras on 01 February 2021, show no evidence of trading activity. • Mr Vaiksnoras has not provided any contemporaneous evidence to show that an estimated annual turnover of £125,000 was reasonable. • On 03 June 2020 and 04 June 2020, payments totalling £12,000 were made to Mr Vaiksnoras. Insufficient evidence has been provided by Mr Vaiksnoras to show how these funds were used for the economic benefit of ASL. • On 4 September 2020 and 7 September 2020, payments totalling £12,500 were made to Mr Vaiksnoras which he claims were dividend payments. The filed micro-accounts covering this period show no trading activity and no reserves from which a dividend could legally be paid by ASL. Accordingly, there is no evidence that these payments were for the economic benefit of ASL. • Between 03 June 2020 and 7 September 2020, no other credits were received into ASL’s bank account. • On 3 January 2021, a payment in the amount of £6,000 was made to Mr Vaiksnoras. The purpose of this transaction has not been explained by Mr Vaiksnoras to date. Between receipt of the BBL top up on 17 December 2020 and 3 January 2021, no other credits were received into ASL’s bank account. • Total liabilities at liquidation amounted to £31,201 inclusive of £31,200 in respect of the BBL. • The Liquidator’s claims against the director were settled by a payment of £4,880 received from Mr Vaiksnoras, which was used to defray the costs and expenses of the proceedings prior to completion of the liquidation and dissolution of ASL. 

This information is correct as at 24 / 2 / 2025

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