Case details for IOAN ADRIAN MOCIAR



Date of Birth: 15 / 9 / 1987

Date Order Starts: 6 / 1 / 2023

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 11979789

Last Known Address: 326 Pinner Road, , , , London, HA1 4LB

Conduct: On 14 October 2020, Mr Ioan Adrian Mociar (“Mr Mociar”) caused Midi Construction Ltd (“Midi”) to provide misleading information to a bank to obtain a Bounce Back Loan (“BBL”) of £41,000 when he knew or ought to have known that Midi was not eligible for a loan of that amount and has not provided any evidence to show that payments totalling £39,710 made between 26 October 2020 and 12 November 2020 were used for the economic benefit of the company. In that: The Bounce Back Loan criteria allowed a company to borrow between £2,000 and a maximum of £50,000 based on 25% of the company’s turnover. If a business commenced trading after 1 January 2019, the estimated annual turnover could be used. On the BBL application dated 14 October 2020, Mr Mociar stated Midi’s turnover was £166,000 and applied for a BBL of £41,000 and confirmed that the amount of BBL applied for was equal to or less than 25% of annual turnover for 2019, or of the estimated annual turnover. Midi commenced to trade on 1 June 2019. Accounts for the year ending 31 May 2020 show Midi’s turnover was £45,552. Therefore, Midi was only entitled to a BBL of at least £11,388 under the BBL scheme. On 26 October 2020 the £41,000 BBL was credited to Midi’s bank account. As a result, Midi received £29,612 more than it was entitled to under the BBL scheme. Between 26 October 2020 and 12 November 2020 payments of £39,710 were made from Midi’s bank account for which no supporting documentation has been provided to show that they were for the economic benefit of the company. On 28 December 2021 Midi entered liquidation with total liabilities of £45,996.28, of which £41,000 was the BBL and £4,996.28 was owed to HMRC. 

This information is correct as at 4 / 1 / 2023

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