Name: KHALID HASI

Name: THROUGH THE WORLD CARGO LIMITED

Date of Birth: 3 / 10 / 1951

Date Order Starts: 23 / 6 / 2026

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 07972965

Last Known Address: 10 Cambridge Grove,, , , , LONDON,, W6 0LA

Conduct: On 22 February 2021, Khalid Hasi (“Mr Hasi”) provided inaccurate information in a Bounce Back Loan (“BBL”) application made on behalf of Through The World Cargo Ltd (“TTWCL”) by overstating TTWCL’s turnover. As a result TTWCL has received BBL funds of £46,342 that it was not entitled to and Mr Hasi knew, or ought to have known that TTWCL was not eligible for the maximum BBL of £50,000.  In addition, Mr Hasi caused TTWCL to expend £32,500 of the BBL funds for purposes that did not provide economic benefit to TTWCL, in breach of the BBL terms and conditions. • Under the BBL scheme businesses could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of turnover. The turnover figure was self-certified by the applicant. The turnover figure required was that for the calendar year 2019 or where a business was established after 01 January 2019, it was their estimated turnover.     • TTWCL was incorporated on 02 March 2012.    • On 22 February 2021, Mr Hasi applied for a BBL of £50,000 on behalf of TTWCL. The application asked Mr Hasi to declare turnover for the calendar year 2019, or if the business was established after 01 January 2019, to estimate annual turnover from the date the business started. Mr Hasi declared turnover for TTWCL was £250,000.    • Accounts for the financial year ending 31 March 2019, signed by Hasi on 31 December 2019 declared turnover of £12,960. Accounts for the financial year ending 31 March 2020, signed by Mr Hasi on 31 March 2021, declared no turnover. Bank statements for the calendar year 2019 show total receipts (after accounting for refunds and interest) of £14,630. At most, turnover for calendar year 2019 for TTWCL was therefore no more than £14,630, and the maximum BBL available to TTWCL was therefore £3,658.    • TTWCL received the BBL funds of £50,000 on 26 February 2021, which was £46,342 more than it was eligible for.     • On 02 March 2021, a transfer of £20,000 was made. Accounts for the financial year ending 31 March 2021 indicate that TTWCL had no turnover, and had total expenses during the year of £625. Between 06 August 2022 and 26 June 2023 there were receipts totalling £11,000 from the same account to which the £20,000 was transferred to, leaving a balance of £9,000. As such, an amount of £9,000 from the £20,000 transfer made on 02 March 2021 would not appear to have been for the economic benefit of TTWCL. • On 06 April 2021, a payment of £7,500 was made to a named individual with a reference “loan”, and on 19 April 2021, a payment of £10,000 was made to another named individual with a reference “loan”. On 11 November 2021, a payment of £6,000 was made to a named individual, with a reference “waste disposal”. Accounts for the financial year ending 31 March 2022 declared that TTWCL had no turnover during the year, and total expenses of £1,317, none of which appear to be related to waste disposal. As such, the payments of £17,500 described as loans and the payment of £6,000 described as waste disposal would not appear to have been for the economic benefit of TTWCL.   • Total liabilities at liquidation amount to £50,278, of which £37,058 relates to the amount owed in respect of the BBL.  

This information is correct as at 3 / 6 / 2026

If you believe this page contains any errors, please email legalservices@insolvency.gov.uk with details of the error that you have found.