Name: Iliyana Tsankova

Name: M2M Style Ltd

Date of Birth: 3 / 6 / 1966

Date Order Starts: 19 / 5 / 2026

Disqualification Length: 11 Years  Month(s)

CRO Number: 11891918

Last Known Address: 18a, Market Street, Atherton, MANCHESTER, , M46 0DN

Conduct: On 01 June 2020, Iliyana Tsankova (“Ms Tsankova”) caused M2M Style Ltd (“M2M”) to make a Bounce Back Loan (“BBL”) application for £46,000 when she knew or ought to have known that M2M was not eligible for the loan under the terms of the BBL scheme. Ms Tsankova further failed to use the proceeds of the BBL for the sole economic benefit of M2M, in that: • The BBL eligibility criteria required that a company was carrying on business on 01 March 2020, engaged in trading or commercial activity in the UK at the date of the application, and had been adversely affected by coronavirus (COVID-19). Businesses could apply for a loan of between £2,000 and £50,000, subject to a maximum of 25% of its turnover for the calendar year 2019, or where a business was established after 01 January 2019, its estimated annual turnover from the date the business started. The information provided was self-certified by the applicant. The terms of the BBL scheme required the proceeds to be used solely for the economic benefit of the business. • M2M was incorporated on 19 March 2019. Ms Tsankova was appointed as the sole director from 19 March 2019 until liquidation. • M2M was eligible to estimate annual turnover for the BBL application, providing it was carrying on business on 01 March 2020 and was trading at the date of the BBL application • On 01 June 2020, Ms Tsankova applied to NatWest bank for a BBL in the sum of £46,000 declaring that M2M was carrying on business on 01 March 2020 and was trading at the date of the application. The application estimated M2M’s annual turnover at £188,580. • Dormant accounts were filed for the year ending 31 March 2020 and bank statements do not show any trading income prior to 1 June 2020 when the BBL application was made. • Following receipt of the BBL proceeds, until 18 September 2020, £22,204 was paid out in director transfers or personal items, £23,368 to third parties and £2,604 withdrawn as cash. There is no evidence that any of these funds were used for legitimate business purposes. • Total liabilities at Liquidation amount to £52,600, of which at least £46,000 relates to the amount owed in respect of the BBL. 

This information is correct as at 29 / 4 / 2026

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