Name: Eden Magosha

Name: Em Field Engineering Ltd

Date of Birth: 30 / 10 / 1967

Date Order Starts: 12 / 2 / 2024

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 10562783

Last Known Address: 84 Williamson Way, , , , OXFORD, OX4 4TS

Conduct: On 24 May 2020 Eden Magosha caused EM Field Engineering Ltd to obtain a Bounce Back Loan (“BBL”) of £50,000 using overstated turnover figures, which resulted in EM Field Engineering Ltd obtaining a BBL that was £33,492 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 for the calendar year 2019. The turnover figure was self-certified by the applicant. EM Field Engineering Ltd was incorporated on 13 January 2017. On or before 24 May 2020, Eden Magosha applied for a BBL of £50,000 on behalf of EM Field Engineering Ltd declaring that its turnover for the calendar year 2019 was £207,000. EM Field Engineering Ltd’s accounts for the period 1 February 2019 to 31 January 2020 show that the turnover was £66,030, therefore the company was only eligible for a BBL of £16,508. EM Field Engineering Ltd received the BBL funds of £50,000 on 24 May 2020 Total liabilities at liquidation amount to £56,691 of which £50,298 relates to the amount owed in respect of the BBL. 

This information is correct as at 22 / 1 / 2024

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