Case details for NAVEED MUHAMMAD



Date of Birth: 22 / 4 / 1979

Date Order Starts: 29 / 11 / 2023

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 11099432

Last Known Address: 2 Scotts Road, , , , SOUTHALL, UB2 5DB

Conduct: On 10 August 2020 Naveed Muhammad (“Mr Muhammad”) caused Anas Chauffeurs Ltd (“Anas”) to apply for a £50,000 Bounce Back Loan (“BBL”) by providing misleading information to the lender about its relevant turnover, which resulted in Anas obtaining a BBL that was £41,400 more than it was eligible for. In that: under the BBL scheme a business that was established before 01 January 2019 could apply for a loan of 25% of its turnover in the 2019 calendar year, up to a maximum of £50,000; Anas was incorporated on 06 December 2017 and Mr Muhammad was the sole director throughout; on 10 August 2020, Mr Mohammad applied for a £50,000 BBL on behalf of Anas and declared a turnover of £210,000; on 11 August 2020, Anas received a BBL of £50,000; Anas’ accounts for the year ended 31 December 2019 show a turnover of £34,398. Anas was eligible for a BBL of £8,600 and received £41,400 more than it was entitled to; Anas went into liquidation on 09 May 2022 without having made any BBL repayments. 

This information is correct as at 9 / 11 / 2023

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