Case details for Aurimas PAKENIS

Name: Aurimas PAKENIS

Name: Lel Auto Ltd

Date of Birth: 5 / 10 / 1993

Date Order Starts: 24 / 1 / 2023

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 12049317

Last Known Address: 18 Kent Road, , , , GOOLE, DN14 6TE

Conduct: On 15 September 2020 Aurimas Pakenis (‘Mr. Pakenis) caused Lel Auto Ltd (‘Lel’) to apply for a government-backed Bounce Back Loan (‘BBL’) of £50,000 for which it was not eligible for and to failed to use its entirety for the economic benefit of the business, In that: • Under the BBL scheme the applicant must be carrying on business on 01 March 2020 and at the time of the BBL application and had to self-certify that they will use the loan only to provide economic benefit to the business and not for personal use. 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. • Lel was incorporated on 13 June 2019. • The company filed dormant accounts for the year ending 30 June 2020 on 13 June 2021, • Lel’s bank account was opened on 19 June 2020 and activity started from 7 August 2020. • There is no evidence of Lel trading or having entered into any transactions prior to the opening of this bank company. Lel was therefore not eligible to apply for a BBL • On 25 August 2020 he applied for a BBL of £50,000, stating Lel’s turnover was £280,000 on the BBL application. This was paid into the company account on 15 September 2020. • The balance on the account was £50.52, on 14 September 2020. • Between 15 September 2020 and 10 December 2020, Lel received payments of £10,126.33 giving total available funds of £60,176.85 • In this period, £17,390 was paid to a connected party for which he has been unable to evidence that it was for business purposes and £4,500 of transactions were for his personal use. • Lel was placed into creditors voluntary liquidation on 28 February 2022 • At Liquidation, £56,305 was owed of which £50,000 was in respect of outstanding BBL, £6,305 were owed to trade creditors. Between 1 July 2020 to 28 February 2022 (date of liquidation) he has failed to ensure that Lel maintained and/or preserved adequate accounting records, or in the alternative, has failed to deliver up such records. As a consequence, it has not been possible to: • Establish the accuracy of the statement of affairs showing the stated NIL assets and the total amount owed in liabilities. • Establish the purpose of transactions totalling at least £47,402 made from the Company's bank account. 

This information is correct as at 3 / 1 / 2023

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