Name: Filip Hristov

Name: Filip & F Limited

Date of Birth: 18 / 4 / 1981

Date Order Starts: 6 / 5 / 2026

Disqualification Length: 12 Years  Month(s)

CRO Number: 12236412

Last Known Address: 27 Bayford Road, , , , SITTINGBOURNE,, ME10 3AD

Conduct: On 01 February 2021 Mr Filip Ivanov Hristov (‘Mr Hristov’) applied for and obtained a Government-backed Bounce Back Loan (‘BBL’) of £35,000 for Filip & F Limited (‘F&F’) by providing false or knowingly inaccurate information regarding F&F’s estimated annual turnover. On 25 March 2021 Mr Hristov applied for a Top-Up BBL of £10,000, again providing false or knowingly inaccurate information about F&F’s estimated annual turnover. In making the BBL applications Mr Hristov caused F&F to obtain £38,726 in BBL funding to which it was not entitled. Mr Hristov failed to ensure that the proceeds of the loan were used in their entirety for the economic benefit of the business as required under the terms of the BBL scheme. In that: Obtaining a BBL • The BBL scheme permitted a loan of up to 25% of a business’ turnover in the calendar year 2019 (or estimated annual turnover from the date it commenced trading if it had been established after 01 January 2019), to a maximum of £50,000; • F&F was incorporated in October 2019 and commenced trading at that time; • As F&F was established after 1 January 2019 it was entitled to estimate its turnover on the application form; • F&F’s bank statements record income of £6,274 in the period January to March 2020, which pro-rata would give estimated annual income of £25,096; • This estimated income would have entitled F&F to a BBL of no more than £6,274; • Accounts prepared for the period to 31 October 2020, disclosed turnover of £24,442; • On 01 February 2021 Mr Hristov completed an application form for a BBL from F&F’s bank, self-certifying that its estimated annual turnover was £200,000 and requesting a loan of £35,000. • F&F had been trading for over a year when the BBL application was made and Mr Hristov would have had the benefit of being aware of the annual turnover of the company at the point he made the BBL application. • On 25 March 2021 Mr Hristov applied to F&F’s bank for a Top-Up BBL of £10,000, again stating that its estimated annual income was £200,000. • Mr Hristov has failed to provide any explanation or documentation to support the level of turnover claimed in the application; • Therefore F&F obtained £38,726 in BBL funding to which it was not entitled; Disbursal of the BBL • The terms of the BBL scheme required the proceeds to be used solely for the economic benefit of the business; • Immediately before the receipt of the BBL the bank account balance was £74 cr.; • On 03 February 2021 the BBL of £35,000 was paid into F&F’s account; • Following this, 4 payments totalling £21,146 were made to a third party, purportedly for the purchase of a van; • Mr Hristov advised the liquidator that the van had been sold, but no sale proceeds can be identified in the bank statements; • The Top-Up BBL was paid into F&F’s bank account on 29 March 2021; • In the period 03 February to 11 May 2021: o A total of £22,026 was paid to Mr Hristov; and o £2,510 was withdrawn in cash. • Of the total payments made after the receipt of the BBLs, £37,921 could not have been funded without the BBL; • No documents have been provided to evidence that any of these payments were for the economic benefit of the business. • At the liquidation date the bank was owed £40,819 in respect of the BBL and it was the majority creditor. 

This information is correct as at 20 / 5 / 2026

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