Case details for GYTIS JODONIS



Date of Birth: 28 / 6 / 1978

Date Order Starts: 26 / 12 / 2022

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 12124014

Last Known Address: 3 Maurier Close, , , , NORTHOLT, UB5 5JY

Conduct: In May 2020 Mr Gytis Jodonis (“Mr Jodonis”) caused J & Family Limited (“JAFL”) to obtain a £50,000 government bounce back loan (“BBL”) when the company was not eligible for a loan of that amount in that: In order to be eligible for a BBL, both Government and Barclays Bank guidance which states: That the applicant must be trading in the UK prior to application. The applicant borrow for £2,000 to £50,000 (up to 25% of the company turnover) That the applicant use the funds for the economic benefit of the company. On the BBL application dated 12 May 2020 which was signed electronically by Mr Jodonis he stated the annual turnover of the company was £250,000. Company Accounts made up to 31 July 2020 show an annual turnover for JAFL was £56,512. The BBL scheme allowed businesses to borrow up to 25% of their annual turnover. Bank statements reveal income to 12 May 2020 of £32,982. Estimated turnover in the first year of trading would be calculated at £78,940. This would entitle JAFL to a loan of £19,735. At liquidation on 14 December 2021 £45,821 of the BBL remained outstanding. 

This information is correct as at 7 / 12 / 2022

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