Case details for Anatolie Pavalachi

Name: Anatolie Pavalachi

Name: STICI LIMITED

Date of Birth: 9 / 4 / 1986

Date Order Starts: 9 / 8 / 2021

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 09298040

Last Known Address: 54 Clickers Drive,, , , , NORTHAMPTON,, NN5 4ED

Conduct: Between 1 August 2019 and 20 August 2019, Mr Pavalachi caused Stici Limited to apply for loans or other finances from nine lenders totalling 263,833. Stici Limited provided copies of falsified bank statements to 6 potential lenders and inaccurate financial accounts that included incorrect figures for the year ended 30 November 2018 to 3 lenders in support of the loan applications. Out of the nine lenders, six lenders approved the loan applications providing funds totalling 75,178. In that ? Stici provided falsified bank statements in support of loan or other financial applications to 6 lenders. Of these 6 lenders 4 provided funds totalling 73,278.00. ? An analysis of the bank statements obtained directly from Lloyds bank show that from 1 February 2019 to 31 July 2019, payments made into the account totalled 166,203.05 and payments made from the account totalled 165,804.55. ? An analysis of the bank statements provided to the 6 lenders in support of the loan applications have shown that from 1 February 2019 to 31 July 2019, payments made into the account totalled 213,641.55 and payments made from the account totalled 204,820.91. ? Stici provided inflated end of year accounts of 30 November 2018, to support applications made for loans or other financial applications to 3 lenders. Of these 3 lenders 2 provided funds totalling 11,900.00. ? The end of year accounts for the year period 30 November 2018, show a turn-over of 366,212.00 and cash reserve of 63,983.00 ? Stici was banking with Barclays in this period. An analysis of the bank statements from 1 December 2017 to 30 November 2018 shows payments were made into the account totalling 47,619.98 and the account was overdrawn throughout the year with an overdrawn balance of 580.18, showing on 30 November 2018. ? At the time Stici was placed in Compulsory Liquidation no payments had been made towards the loans. 

This information is correct as at 22 / 7 / 2021



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