Name: Manzar Hussain Khan

Name: MANZAR HUSSAIN KHAN LIMITED

Date of Birth: 12 / 5 / 1980

Date Order Starts: 2 / 12 / 2025

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 08088077

Last Known Address: 36 Brocksby Chase, , , , BOLTON, BL 1 2JH

Conduct: On 25 June 2020, Mr Manzar Hussain Khan (“Mr Khan”) caused Manzar Hussain Khan Limited (“MHK”) to breach the terms and conditions of the Bounce Back Loan (“BBL”) scheme by overstating turnover on the BBL application when he knew or ought to have known that the turnover claimed was incorrect. As a result, MHK received more funds than it was entitled to from the BBL scheme. Mr Khan breached the terms of the BBL scheme further by failing to ensure that the BBL funds were used for the economic benefit of MHK. In that;    • 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.     • MHK was incorporated on 30 May 2012 and commenced to trade prior to 01 January 2019. It was therefore not entitled to provide an estimate of annual turnover.     • On 25 June 2020, Mr Khan applied for a BBL of £50,000 on behalf of MHK. The application asked Mr Khan to declare turnover for the calendar year 2019. Mr Khan declared turnover for MHK was £200,000.    • Accounts for the financial year ending 30 May 2019 disclose turnover of £16,012, whilst accounts for the financial year ending 30 May 2020 disclose turnover of £20,547. During this two-year period, total turnover was £36,559. Using this two-year period, MHK would only have been eligible for a BBL of £9,140 at most.    • MHK received the BBL funds of £50,000 on 26 June 2020, which was at least £40,860 more than that to which it was entitled.   The balance on the account prior to receipt was £997. • Mr Khan has failed to provide evidence to show that the BBL funds were used for MHK’s economic benefit. In particular, between receipt of the BBL and 15 December 2020 bank statements show cash withdrawals totalling £2,984 and large debit transactions totalling £37,000. • In the same period MHK received income totalling £9,369 and there was a prior balance on the account of £997, meaning that £29,618 of the transactions listed above came solely from BBL funds. • Total liabilities at liquidation amount to £50,271 of which £50,171 relates to the amount owed in respect of the BBL.  

This information is correct as at 11 / 11 / 2025

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