Name: Valentin LEANCA

Name: LEANCA EXPRESS DELIVERY LTD

Date of Birth: 8 / 10 / 1995

Date Order Starts: 31 / 1 / 2024

Disqualification Length: 9 Years 0 Month(s)

CRO Number: 11879114

Last Known Address: 73 Maypole Crescent,, , , , ILFORD,, IG6 2UJ

Conduct: Mr Valentin Leanca (“Mr Leanca”) breached the terms of the Bounce Back Loan (“BBL”) scheme by causing Leanca Express Delivery Ltd (“LEDL”) to overstate its turnover on its application for a BBL resulting in LEDL receiving a BBL of £50,000, when he knew or ought to have known that LEDL was not eligible for a loan of such amount: The BBL scheme terms allowed businesses to 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.?? Companies incorporated after 01 January 2019 were eligible to estimate their turnover for 2019 on the BBL application form. LEDL was incorporated on 13 March 2019. Annual accounts for the first year of trade for FYE 31 March 2020 show the company achieved a turnover of £5,166. Annual accounts for FYE 31 March 2020 were signed by Mr Leanca on 29 April 2020. Mr Leanca declared on the company’s BBL application form an estimated annual turnover of £200,000 for 2019, and consequently on 15 May 2020 LEDL received a £50,000 BBL. The overstatement of turnover meant that LEDL received more than it was entitled to from the BBL scheme. LEDL entered Creditors Voluntary Liquidation on 23 September 2022. At liquidation, LEDL had liabilities totalling £45,549.90, of which £45,449.90 was owed to the bank in respect of the BBL. 

This information is correct as at 12 / 1 / 2024

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