Name: Daniel  Liau

Name: AQUASTELLAR LTD

Date of Birth: 23 / 2 / 1991

Date Order Starts: 3 / 3 / 2026

Disqualification Length: 9 Years 0 Month(s)

CRO Number: 12455723

Last Known Address: 1a East Mount Street,, , , , LONDON,, E1 1BA

Conduct: On 11 May 2020 Mr Daniel Liau (‘Mr Liau’) caused Aquastellar Limited (‘Aquastellar’) to apply for a Government-backed Bounce Back Loan (‘BBL’) of £50,000 which he knew or ought to have known it was not eligible for. In addition, the BBL monies were transferred to Mr Liau and an associated company and were not used for the economic benefit of the business. In that: • The BBL scheme permitted a loan of up to 25% of a business’ turnover in the calendar year 2019 (or estimated annual turnover from the date it started if it had been established after 01 January 2019), from £2,000 to a maximum of £50,000; • The further conditions of applying for a BBL were that a business had been trading on 01 March 2020 and at the date of the application, and the BBL application included a declaration to that effect; • Aquastellar’s bank account was opened on 13 February 2020, however the first transaction was a receipt from Mr Liau of £3 on 23 March 2020; • The bank statements record no trading income throughout; • Accounts for Aquastellar for the years ended 28 February 2021 showed its turnover to have been nil; • On 11 May 2020 Mr Liau applied for a BBL of £50,000 for Aquastellar, self-certifying that it had been trading on 01 March 2020 and declaring estimated annual turnover of £200,000. Disbursal of the BBL • The terms of the BBL scheme required the proceeds to be used solely for the economic benefit of the business; • Immediately before the receipt of the BBL the bank account balance was £80 cr. which had all been received from Mr Liau; • On 17 May 2020 the BBL was paid into Aquastellar’s bank account; • Following this, in the period to 01 July 2020, a total of £48,080 was paid to Mr Liau, together with £2,000 transferred to an associated company; • Income of £10 was received in the period from the receipt of the BBL to 01 July 2020, also paid in by Mr Liau, therefore £49,990 of the above payments could not have been funded without the BBL; • There is no evidence that any of these payments were for the economic benefit of Aquastellar’s business. • The bank has claimed £37,862 under the Government guarantee. • TMotal liabilities in the liquidation were £38,333. 

This information is correct as at 12 / 2 / 2026

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