Name: Mohammed Sultan KHAN

Name: Cannel Works Trading Limited

Date of Birth: 16 / 7 / 1994

Date Order Starts: 1 / 11 / 2022

Disqualification Length: 6 Years 6 Month(s)

CRO Number: 09626226

Last Known Address: 99-101 Blackburn Road,,, , , , Great Harwood,, BB6 7DZ

Conduct: Mohammed Sultan Khan (Mr Khan) caused Cannel Works Trading Limited (Cannel Works) to obtain a Bounce Back Loan (BBL) of £45,000 and £2,500 on 5 May 2020 and 17 November 2020, using an overstated turnover figure in the application form. Consequently, Cannel Works received more monies that it was entitled to receive from the BBL scheme, in that: • A business could apply for a BBL of between £2,000 and £50,000, subject to a maximum of up to 25% of turnover in the calendar year 2019. • On 5 May 2020 Cannel Works obtained a BBL of £45,000 and on 17 November 2020 obtained a BBL top up of £2,500. In the application Cannel Work’s turnover was stated as £190,000. • Accounts for period from 1 July 2018 to 30 June 2019 show a turnover of £4,737. • VAT returns filed for period from 1 January 2019 to 30 June 2019 show a total value of sales of £4,112. • VAT returns filed for period 1 July 2019 to 31 December 2019 show a total value of sales of £11,639. • On 30 March 2021 Cannel Works entered liquidation with total liabilities of £74,588 of which £47,500 is in respect of the BBL. 

This information is correct as at 13 / 10 / 2022

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