Name: SORIN-NICOLAE NEGRESCU

Name: Day December Limited

Date of Birth: 15 / 12 / 1988

Date Order Starts: 23 / 7 / 2026

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 12115383

Last Known Address: 14, The Beeches, Weyhill Road, , , Andover, SP10 3EF

Conduct: On 17 May 2020 Mr Sorin-Nicolae Negrescu (“Mr Negrescu”) caused Day December Limited (“DDL”) to overstate its turnover to enable it to obtain a Bounce Back Loan (“BBL”) of £50,000 when he knew or ought to have known that the company was not entitled to a loan of that amount, in that: • Under the BBL scheme, businesses could apply for a BBL of up to 25% of their 2019 turnover, from a minimum of £2,000 to a maximum of £50,000. Businesses incorporated after 01 January 2019 were asked to estimate their turnover from the date the business started. • DDL was incorporated on 22 July 2019. • On 17 May 2020, Mr Negrescu applied for a £50,000 BBL on behalf of DDL, declaring its turnover as £200,000. • On 19 May 2020, DDL received the £50,000 BBL funds into its bank account, bringing the account balance to £50,005. • Between 16 August 2019 and 18 May 2020 DDL received trading income of £23,017 into its bank account. This level of trading income is equivalent to an annual turnover of approximately £30,689. • Based on the receipts into the bank account over a nine-month period of trading prior to making the BBL application, and the approximate annual turnover of £30,689, the turnover declared was overstated and not reasonably justifiable, accordingly DDL was entitled to a BBL of no more than £7,672 and therefore received £42,328 more in BBL funding than it was entitled to. DDL entered Creditors Voluntary Liquidation on 18 June 2025 with liabilities of £48,774, of which £40,663 related to the BBL. 

This information is correct as at 3 / 7 / 2026

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