Name: Dorin-Alexandru PREOTEASA

Name: ALEX SUN LIMITED

Date of Birth: 1 / 3 / 1986

Date Order Starts: 9 / 4 / 2024

Disqualification Length: 8 Years 0 Month(s)

CRO Number: 11361340

Last Known Address: 633 Honeypot Lane,, , , , STANMORE,, HA7 1JE

Conduct: 1. Dorin- Alexandru Preoteasa (“Mr Preoteasa”) caused Alex Sun Limited (“Alex Sun”) to breach the terms and conditions of the Bounce Back Loan (“BBL”) scheme insofar as the funds of £50,000 obtained through the BBL scheme were not used entirely for the economic benefit of Alex Sun and were instead transferred to a third party. In that: Under the BBL scheme, the applicant had to sign their agreement to the condition that they would use the loan only to provide economic benefit to the company. On 04 June 2020, Mr Preoteasa made an application for a BBL and signed the application which included the above agreement. On 05 June 2020, BBL funds of £50,000 were received into Alex Sun’s bank account. Between 05 June 2020 and 17 August 2020, the total funds of £50,000 were expended, with the majority of these funds (£47,937.26) being paid to the bank account of an unknown third party.Of the £2,062.74 balance, £1,256.74 relates to cash withdrawals made in Romania, £800 appears to have been used for accounting and the remaining £6 relates to bank commissions As such, it appears that £49,194 of the £50,000 BBL funds has not been used for the economic benefit of Alex Sun however, credit has been given for £806 being bank commissions and payment referenced “accounting” as detailed above. Shortly after the final payments to the unknown third party, transactions into and out of the bank account ceased. On 30 June 2020, Mr Preoteasa signed a DS01 Striking off Application which was filed at Companies House on 21 August 2020. Alex Sun was dissolved on 17 November 2020. The total BBL of £50,000 remains outstanding. 2. Mr Preoteasa caused Alex Sun to breach S1006 of the Companies Act 2006 in that: S1006(1) of the Companies Act 2006 requires a person who makes an application under s1003 (application for voluntary striking off) on behalf of a company to secure that, within 7 days from the day on which the application is made, a copy of it is to be given to any creditor of the company at that time. On 04 June 2020 Mr Preoteasa made an application for a BBL. On 05 June 2020 BBL funds totalling £50,000 were received into the bank account of Alex Sun. No repayments were made towards the BBL. On 30 June 2020, Mr Preoteasa signed a DS01 Striking off Application which was filed at Companies House on 21 August 2020. Mr Preoteasa failed to give notice to Alex Sun’s bank (who were the only known creditor of Alex Sun at the time) of its application for dissolution as required under s1006(1) of the Companies Act 2006. 

This information is correct as at 20 / 3 / 2024

If you believe this page contains any errors, please email legalservices@insolvency.gov.uk with details of the error that you have found.