Case details for Shahid Zaman

Name: Shahid Zaman

Name: DAC BIRMINGHAM LTD

Date of Birth: 11 / 4 / 1994

Date Order Starts: 6 / 12 / 2023

Disqualification Length: 9 Years 0 Month(s)

CRO Number: 11042198

Last Known Address: 152 Baldwins Lane, , , , BIRMINGHAM, B28 0QA

Conduct: On 11 June 2020 Mr Shahid Zaman (“Mr Zaman”) caused DAC Birmingham Ltd (“DACBL”) to apply for a Bounce Back Loan (“BBL”) of £50,000 using overstated turnover figures, which resulted in DACBL obtaining a BBL that was £30,311 more than it was entitled to. 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 is their estimated turnover. DACBL was incorporated on 1 November 2017 On 11 June 2020 Mr Zaman applied for a BBL of £50,000 on behalf of DACBL declaring that its turnover for the calendar year 2019 was £210,000. DACBL’S financial accounts year ending 30 November 2019 show that its turnover was £78,759 DACBL’S financial accounts year ending 30 November 2020 show that its turnover was £72,039 Taking in to account the turnover figure shown in the year end accounts for 2019, DACBL would have been entitled to £19,689. On 11 June 2020, DACBL received the BBL funds of £50,000, which was £30,311 more than it was entitled to. Total liabilities at liquidation amount to £54,706 of which £49,244 relates to the amount owed in respect of the BBL. 

This information is correct as at 16 / 11 / 2023



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