Name: Catherine Waichungo

Name: Waichungo Limited

Date of Birth: 20 / 11 / 1969

Date Order Starts: 15 / 4 / 2024

Disqualification Length: 9 Years 0 Month(s)

CRO Number: 09276545

Last Known Address: 1 Kimblewick Lane,, , , , SPALDING,, PE11 3GY

Conduct: On 16 June 2020, Catherine Waichungo (“Ms Waichungo”) caused Waichungo Limited (“W-Ltd”) to breach the terms and conditions of the Bounce Back Loan (“BBL”) scheme by overstating the company’s turnover, resulting in W-Ltd receiving a loan of £50,000 which was more than it was entitled to, in that; Under the BBL scheme businesses could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of turnover. 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. Businesses were required to use the loan only to provide economic benefit to the business, and not for personal purposes. W-Ltd was incorporated on 23 October 2014. On 16 June 2020 Ms Waichungo applied for a BBL on behalf of W-Ltd and stated on the BBL application form that the company’s turnover for the calendar year 2019 was £200,000. W-Ltd’s end of year accounts for the period ended 31 October 2019 and 31 October 2020 show turnover of £2,123 and £34,711 respectively. On or around 17 June 2020 W-Ltd received £50,000 in respect of the BBL. W-Ltd’s liabilities at liquidation were £49,665 of which £44,985 relates to the BBL. 

This information is correct as at 26 / 3 / 2024

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