Name: SAMI SEKIRAQA

Name: FOXTON AUTOS LTD and Foxton Valeting Limited

Date of Birth: 29 / 1 / 1973

Date Order Starts: 12 / 2 / 2024

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 11684389

Last Known Address: 136 Renard Way,, Trumpington,, , , CAMBRIDGE,, CB2 9FZ

Conduct: Foxton Autos Limited Sami Sekiraqa (“Mr Sekiraqa”) caused Foxton Autos Limited (“FAL”) to breach the terms of the Bounce Back Loan (“BBL”) scheme by overstating FAL’s turnover on the BBL application and causing FAL to obtain the maximum BBL amount of £50,000, which it was not eligible to receive. In that: The BBL scheme allowed businesses to apply for a BBL if they were engaged in trading or commercial activity in the UK at the date of the application, were carrying on business on 01 March 2020 and had been adversely affected by Covid. A business could receive a loan of up to 25% of their annual turnover for the 2019 calendar year, which the applicant would self-certify when completing the BBL application. FAL was incorporated on 19 November 2018. The company accounts for period ending 30 November 2019 declare a turnover of £81,915. The company bank statements show that between 02 December 2019 and 30 December 2019 FAL received income totalling £4,881, giving a maximum possible 2019 turnover of £86,796. FAL received a BBL of £50,000 which it was not fully entitled to after Mr Sekiraqa declared in the BBL application that the turnover for the 2019 calendar year was £200,000. At liquidation, the company owed £68,067, £49,786.16 of which was owed to the Bank in respect of the BBL. Foxton Valeting Limited Sami Sekiraqa (“Mr Sekiraqa”) caused Foxton Valeting Limited (‘FVL’) to breach the terms of the Bounce Back Loan (“BBL”) scheme by overstating FVL’s turnover on the BBL application and causing FVL to obtain the maximum BBL amount of £50,000, which it was not eligible to receive. In that: The BBL scheme allowed businesses to apply for a BBL if they were engaged in trading or commercial activity in the UK at the date of the application, were carrying on business on 01 March 2020 and had been adversely affected by Covid. A business could receive a loan of up to 25% of their annual turnover for the 2019 calendar year, which the applicant would self-certify when completing the BBL application. FVL was incorporated on 19 November 2018. The company accounts for period ending 30 November 2019 declare a turnover of £80,945. The company bank statements show that between 02 December 2019 and 31 December 2019 FVL received income totalling £8,572, giving a maximum possible 2019 turnover of £89,517. FVL received a BBL of £50,000 which it was not fully entitled to after Mr Sekiraqa declared in the BBL application that the turnover for the 2019 calendar year was £200,000. At liquidation, the company owed £76,762.86, £49,786.16 of which was owed to the Bank in respect of the BBL. 

This information is correct as at 23 / 1 / 2024

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