ATLANTIC WORLDWIDE SERVICES LTD

Elisa QUARESIMA

June 1977

Disqualified from being a director because of their conduct for the period of

11 Years 0 Month(s)

Disqualification starts from

16 August 2022

Improper conduct which resulted in their disqualification

On 29 May 2020 Elisa Quaresima (“Ms Quaresima”) caused Atlantic Worldwide Services Ltd (“AWSL”) to make a fraudulent application for a Bounce Back Loan of £50,000 by overstating AWSL’s annual turnover with the consequence that AWSL obtained a BBL that was greater than it was entitled to. In that: • Bounce Back Loans between £2,000 and 25% annual turnover (up to a maximum of £50,000) were made available from 5 May 2020 for business’s adversely impacted by the Coronavirus Pandemic. The terms stipulated the funds were to be used for the economic benefit of the business. • Accounts approved by the board on 17 July 2019 and 30 July 2020 for years ending 30 April 2019 and 30 April 2020 respectively show turnover of £59,956 and £47,637, however the turnover she stated on the BBL application was £200,000. • The BBL funds of £50,000 were received on 2 June 2020 and transferred to her bank account on 4 June 2020 and no records have been supplied to the Liquidator to verify it has been used for the economic benefit of the company.