Case details for Mohammad Shahid KHAN

Name: Mohammad Shahid KHAN

Name: Shahid Khan Healthcare Resources Limited

Date of Birth: 11 / 10 / 1965

Date Order Starts: 14 / 11 / 2022

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 10675213

Last Known Address: 133 Lapage Street,, , , , BRADFORD,, BD3 8AF

Conduct: In April 2021 Mohammad Shahid Khan (“Mr Khan”) caused Shahid Khan Healthcare Resources Limited (“SKHR”) to obtain a £50,000 government backed Bounce Back Loan (“BBL”) which was £34,489 more than it was entitled to by providing information to the lender which he knew or ought to have known was inaccurate. In that; In the BBL application dated the 31 March 2021 which was signed electronically by Mr Khan he stated that the annual turnover of the company was £200,000. A £50,000 BBL was paid into the company bank account on 01 April 2021. Company accounts made up to the 31 March 2020 show that the annual turnover of SKHR was £62,045. The BBL scheme allowed businesses to borrow up to 25% of their annual turnover. Therefore, the maximum amount that SKHR was entitled to borrow was £15,511. On 10 November 2021 Mr Khan sought insolvency advice and on the same day instructed the liquidator to place the company in liquidation. At liquidation on 22 December 2021, the £50,000 BBL remained outstanding. 

This information is correct as at 25 / 10 / 2022

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