Name: Adrian Marius Maftei

Name: Romanco Limited

Date of Birth: 24 / 5 / 1973

Date Order Starts: 29 / 1 / 2024

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 07156566

Last Known Address: 6 BRAMBLE HILL, , , , ALRESFORD, S024 9JY

Conduct: On or around 15 May 2020 Mr Adrian Maftei (‘Mr Maftei’) caused Romanco Ltd to obtain a second Bounce Bank Loan (“BBL”) contrary to the terms of the BBL scheme, as only one BBL was permissible per business. In that: • On 9 May 2020 Romanco Ltd obtained a Government-backed BBL of £48,000 from Bank A. • Mr Maftei made a second application for a BBL of £48,000 with Bank B on 10 May 2020, he signed the second BBL on 13 May 2020 and the proceeds being received on 15 May 2020. • Romanco’s turnover for the calendar year 2019 would have entitled it to the maximum amount of £50,000 allowed under the BBL scheme. • The BBL guidance for Bank A at the time specifically stated that eligibility was subject to the fact that “You haven’t already applied for or received a BBL” and for Bank B it referred to a “maximum limit of £50K”. • The signed BBL application for Bank B, as well as the pro forma BBL application provided by the British Business Bank to such providers as Bank A contains the following declaration “I/We confirm that this is my/our only application for a Bounce Back Loan for this business”. • As a result, Romanco obtained a BBL of £48,000 that it was not entitled to. • The full amount for both BBLs remained outstanding at Liquidation. 

This information is correct as at 13 / 2 / 2024

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