Name: BABAK VATANI

Name: Persian Education LTD

Date of Birth: 1 / 6 / 1990

Date Order Starts: 19 / 8 / 2026

Disqualification Length: 8 Years 0 Month(s)

CRO Number: 11633222

Last Known Address: 10, Shepherds Gardens, , , BIRMINGHAM, B15 1HB

Conduct: On 3rd June 2020, Babak Vatani (“Mr Vatani”) caused Persian Education Ltd (“Persian”) to breach the terms and conditions of the Bounce Back Loan (“BBL”) scheme by overstating the company’s turnover, resulting in Persian receiving a loan of £50,000 which was more than it was entitled to. Furthermore, Mr Vatani failed to ensure that all of the BBL funds were used for the economic benefit of Persian, in that, • 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 required was that for the calendar year 2019 or where a business was established after 01 January 2019 it is their estimated annual turnover. • On 03 June 2020 Mr Vatani applied for a BBL of £50,000 on behalf of Persian declaring that its turnover was £200,000. • Accounts for Persian for YE 31 October 2019 show the company turnover was £15,602. • Banking records show that Persian’s turnover for YE 31 December 2019 was £16,633. • The maximum amount of BBL that Persian was entitled to, based on its turnover for YE 31 December 2019, was £4,158. Therefore, Persian received £45,842 more than it was entitled to under the BBL scheme. • On 11 June 2020 the BBL of £50,000 was paid into Persian’s bank account. • The terms of the BBL scheme stated that the BBL was to be used only for the economic benefit of the business, used wholly for business purposes. • Between 22 June 2020 and 19 November 2020 £34,500 was transferred to unknown third parties and on 25 August 2020 £10,000 was withdrawn from Persian’s bank account. No evidence has been provided to show that these monies were used for the economic benefit of Persian. • On 15 August 2023 Persian entered Creditors Voluntary Liquidation with total liabilities of £44,002 of which £42,000 relates to the outstanding BBL 

This information is correct as at 11 / 9 / 2026

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