Name: Ibraheem Aslam

Name: JARO JARO LIMITED

Date of Birth: 7 / 1 / 1988

Date Order Starts: 1 / 9 / 2026

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 10883980

Last Known Address: 87 Roscoe Road,, , , , BILLINGHAM,, TS23 1HP

Conduct: Ibraheem Aslam (Mr Aslam) caused Jaro Jaro Limited (Jaro Jaro) to apply for a Bounce Back Loan (BBL) of £50,000 on 10 May 2020 using overstated turnover figures in the BBL application form. Consequently, Jaro Jaro received more monies than it was entitled to from the BBL scheme, in that: • The Bounce Back Loan criteria allowed a company to borrow between £2,000 and a maximum of £50,000 based on 25% of the company’s turnover in the 2019 calendar year or, where a business was established after 1 January 2019, the applicant was required to apply a 25% limit to the estimated annual turnover from the date trading commenced. The funds could only be used to provide economic benefit to the company and not for personal purposes. • Jaro Jaro was incorporated on 26 July 2017 and commenced trading in early 2018. It, therefore, was not eligible to estimate its annual turnover. on the BBL application. • On 10 May 2020 Mr Aslam applied for a BBL of £50,000 on behalf of Jaro Jaro, declaring that its turnover for the 2019 calendar year was £400,000. • On 12 May 2020 the BBL of £50,000 was received into Jaro Jaro’s bank account. • Accounting records show that Jaro Jaro’s turnover for year end 30 June 2019 was £117,722, and the company’s turnover for 30 June 2020 was £113,884. • Bank statements show that Jaro Jaro received turnover of £18,959.91 into the company bank account between 02 January 2019 and 30 December 2019. • Between 14 June 2021 and 12 December 2022 £5,205.29 of the £50,000 BBL was repaid by Jaro Jaro. • On 07 February 2023 Jaro Jaro entered Creditors Voluntary Liquidation with total liabilities of £268,189, with £44,246 relating to the outstanding BBL. 

This information is correct as at 14 / 9 / 2026

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