Name: Gazmend Lala

Name: GAZISED LIMITED

Date of Birth: 11 / 3 / 1975

Date Order Starts: 7 / 2 / 2025

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 08185310

Last Known Address: Flat 17, Riverhope Mansions,, Harlinger Street,, , , LONDON, SE18 5SS

Conduct: Gazmend Lala (‘Mr Lala’) breached the terms of the government backed Bounce Back Loan (‘BBL’) Scheme by causing Gazised Limited to overstate its turnover on its application for a BBL resulting in the company receiving a BBL of £40,000 when he knew or ought to have known Gaised was not eligible for that amount, 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 1 January 2019 it was their estimated annual turnover from the date the business started. The BBL scheme rules meant that businesses established prior to 2019 had to use actual 2019 turnover on the BBL application. Gazised Limited was incorporated on 20 August 2012. The company bank statements from 1 January 2019 to 31 December 2019 show total receipts of £61,451.78. Mr Lala stated on the company’s BBL application form an annual turnover of £164,000. Consequently, on 2 June 2020 the company received £40,000. Based on the total receipts into the company bank account between 1 January 2019 and 31 December 2019, the company received £24,637 more than it was entitled to. At liquidation, the company had total liabilities of £52,699.31, of which £39,144.31 was owed in respect of the BBL. 

This information is correct as at 21 / 1 / 2025

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