Case details for FAWAD MEHMOOD

Name: FAWAD MEHMOOD

Name: M MANCHESTER MOTORS LTD

Date of Birth: 25 / 3 / 1986

Date Order Starts: 21 / 11 / 2023

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 11328438

Last Known Address: 71 Manley Road, , , , SALE, M33 4FN

Conduct: On 30 June 2020 Fawad Mehmood caused M Manchester Ltd (“MM”) to overstate its turnover when applying for a Government backed Bounce Back Loan (“BBL”) totalling £50,000, with the consequence that MM received at least £38,271 that it was not entitled to, in that: ? The terms of the BBL scheme were that the applicant company was entitled to one BBL of between £2,000 and £50,000 being 25% of turnover for the 2019 calendar year. ? Accounts for the year ending 30 April 2019 signed off by me on 15 November 2019 show turnover of £29,376, entitling the Company to a maximum BBL of £7,344. ? Accounts for the year ending 30 April 2020 signed off by Fawad Mehmood’s co-director on 26 April 2021 show turnover of £46,915, an amount which would entitle the company to a BBL of £11,729 ? On 30 June 2020 Fawad Mehmood made a BBL application on behalf of the Company stating that its turnover was £300,000. ? The Loan agreement form was signed by Fawad Mehmood and his co-director on 24 July 2020. ? The proceeds of £50,000 were received into the Company’s bank account on 25 July 2020. ? There was an outstanding BBL of £49,000 at Liquidation 

This information is correct as at 3 / 11 / 2023



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