Name: Agostinho Camara FRANCA

Name: AF WASTE MANAGEMENT LTD

Date of Birth: 10 / 7 / 1974

Date Order Starts: 12 / 3 / 2024

Disqualification Length: 8 Years 0 Month(s)

CRO Number: 09440078

Last Known Address: 176 Albert Road,, , , , LONDON,, SE25 4JX

Conduct: On 06 July 2020 Agostinho Camara Franca (“Mr Franca”) caused AF Waste Management Limited (“the Company”) to apply for and obtain a Government backed Bounce Back Loan (“BBL”) totalling £50,000 and, contrary to the terms of the BBL scheme, did not use the BBL funds entirely for the economic benefit of the business. In that: On 06 July 2020 Mr Franca applied for a BBL in the sum of £50,000. The loan offer was made by the bank on 22 July 2020 and accepted by Mr Franca in writing on 27 July 2020; On 03 September 2020 the BBL of £50,000 was received into the Company’s bank account; On 28 September 2020 the sum of £5,000 was transferred to Mr Franca’s personal bank account for which there is no documentary evidence that this payment was entirely for the economic benefit of the business; Between 13 October 2020 and 02 November 2020 a total of £15,000 was withdrawn from Waste’s bank account in cash for which there is no documentary evidence that these payments were entirely for the economic benefit of the business; Between 21 October 2020 and 03 November 2020, payments totalling £20,000 were made to third parties where there is no documentary evidence that these payments were entirely for the economic benefit of the business; According to the estimated Statement of Affairs the deficiency as regards creditors at liquidation on 14 May 2021 was £71,859 comprising the bank for £69,500 (including the £50,000 BBL), trade creditors of £1,350 and HM Revenue and Customs (“HMRC”) of £1,009. From at least 01 March 2019 (being the day after filed accounts to 28 February 2019 were made up to) to liquidation on 21 May 2021 Mr Franca failed to ensure that Waste maintained and/or preserved adequate accounting records, or in the alternative, he failed to deliver up such records in liquidation. As a result of the failure to maintain, preserve, and/or deliver adequate accounting records it has not been possible to verify: Whether Waste received all monies due from its activities for the year ended 28 February 2020 given the accounts provided to the Liquidator for that period show turnover to be £214,361 whilst the disclosed bank account for Waste shows income for the same period totalling £66,610; Whether the accounts for the year ended 28 February 2020 are a true and accurate reflection of Waste’s business in that there are no trade creditors recorded in these accounts, they include different comparative figures for the previous year’s filed accounts to 28 February 2019 and turnover in the accounts is significantly in excess of the income disclosed in Waste’s only known bank account; Whether Waste was entitled to apply for a BBL of £50,000 given that Waste’s bank account shows income for the year ended 28 February 2020 totalling £66,610; Whether Waste operated any additional undisclosed bank accounts; The full and true asset and liability position of Waste and the accuracy of the Statement of Affairs at liquidation; The full and true extent of personal benefits accrued including any director loan account; The cause of Waste’s failure 

This information is correct as at 5 / 3 / 2024

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