Henrique Esteves Fazzio has been disqualified from acting as a director for 10 years because of his conduct at Quink For Prints Limited.

The firm had specialised in seamless patterns for printed textiles used in the fashion industry.

The Bounce Back Loan (BBL) scheme was part of a range of taxpayer-funded initiatives to help businesses survice the Covid-19 pandemic.

The Insolvency Service report into his conduct found that Fazzio made a wrongful declaration by overstating Quink’s turnover.

Fazzio made an application to the bank for a BBL of £50,000 and stated the annual turnover for Quink for 2019 was £213,812.

However, financial accounts for the year-ended 30 September 2019 showed actual turnover of £57,643, meaning Quink received £29,278 more than it was entitled to from the BBL scheme.

“Repayments were made towards the BBL of £1,301 for interest only,” the Insolvency Service said.

“On 25 May 2023, Quink entered Creditors Voluntary Liquidation with known liabilities of £51,114, of which all is owed in respect of the BBL.”

Fazzio’s month of birth is May 1986 and his last known address was in Lytchett Matravers, Dorset.

His ban came into effect on 13 February.