Name: VASCO ALVES PEIXOTO GALVAO DE MELLO

Name: Mega Smile Westgate Ltd

Date of Birth: 15 / 6 / 1960

Date Order Starts: 6 / 3 / 2024

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 11535329

Last Known Address: 77 Charlotte Way,, , , , PETERBOROUGH, PE3 9ER

Conduct: Vasco Alves Peixoto Galvao De Mello (“Mr Mello”) caused Mega Smile Westgate Ltd (“Mega”) to overstate its turnover in order to obtain a government-backed Bounce Back Loan (“BBL”) of £25,000 and a BBL top-up of £25,000, which was more than Mega was entitled to, and thereafter did not use the BBL proceeds in their entirety for the economic benefit of the business, this being contrary to the terms of the BBL scheme. In that: The BBL criteria stated, amongst other criteria, that a company was entitled to a BBL of between £2,000 and £50,000 up to a maximum of 25% of turnover in the 2019 calendar year. Mega was incorporated on 24 August 2018 On 05 May 2020 Mr Mello applied for a BBL of £25,000 with Mega’s bank, and on 17 November 2020 applied for a further £25,000 Top-Up with the same bank. On both application forms, Mr Mello stated that Mega had a turnover of £250,000 in 2019. Financial Statements for the year ended 31 August 2019 show turnover was £78,670. Bank statements show total receipts for the period from 19 March 2019 to the end of 2019 of £46,166.47. BBL agreements stipulate that the funds are to be used solely for the economic benefit of the business, and not to be used for any personal or non-business purpose. Not all of the £50,000 was used for the economic benefit of Mega. 

This information is correct as at 15 / 2 / 2024

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