Case details for Faiza ASHRAF

Name: Faiza ASHRAF

Name: Ash & Faiz Limited

Date of Birth: 15 / 5 / 1986

Date Order Starts: 31 / 10 / 2023

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 09030405

Last Known Address: 98 Cobbold Road,, , , , LONDON,, E11 3NS

Conduct: Ms Faiza Ashraf (“Ms Ashraf”) caused Ash & Faiz Limited (“AFL”) to apply for a second Government backed Bounce Back Loan (“BBL”) of £50,000 that it was not eligible for, having obtained a previous BBL for £25,000 on 05 June 2020 from a different lender when only one BBL was permitted. In that: The BBL terms and conditions enabled a business to obtain one BBL of up to 25% of a business’ turnover (for the calendar year 2019) up to a maximum amount of £50,000. On 03 June 2020 Ms Ashraf applied for a BBL of £25,000 stating its turnover as £100,000 from Bank A on behalf of AFL which was paid into AFL’s bank account on 05 June 2020. On 21 September 2020?Ms Ashraf applied for a second BBL of £50,000 from Bank B stating its turnover as £238,000 to obtain the maximum BBL amount which was received on 23 September 2020. Ms Ashraf falsely declared in the application that AFL had not previously applied for or already received a BBL. At liquidation, AFL had liabilities of £75,714.22 including £75,614.22 owing in respect of the two BBLs. 

This information is correct as at 11 / 10 / 2023

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