Name: Baktash Attaie

Name: Kaash Limited

Date of Birth: 7 / 12 / 1984

Date Order Starts: 24 / 7 / 2025

Disqualification Length: 11 years Years 0 Month(s)

CRO Number: 11664369

Last Known Address: 27 Artisan Place, , , , HARROW, HA3 5DS

Conduct: Baktash Attaie (“Mr Attaie”) caused Kaash Limited (“Kaash”) to breach the terms & conditions of the Bounce Back Loan (“BBL”) scheme by applying for a BBL of £49,800 on 10 June 2020 using false figures in the application form. Consequently, Kaash received monies it was not entitled to from the BBL scheme and thereafter the BBL monies were not used for the economic benefit of the business, 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. The funds could only be used to provide economic benefit to the company and not for personal purposes. • In the Bounce Back Loan application form, completed on 10 June 2020, the turnover for 2019 was stated to be £199,580. • A review of Kaash Limited’s (“Kaash”) bank account for the period 03 January 2019, the date the account was opened, to 31 December 2019, shows income totalling £6,370. • Kaash received a bounce back loan of £49,800 which was paid into the company bank account on 16 June 2020. • Based on the turnover of the company shown in the company bank account Kaash would not have been eligible for a bounce back loan. • Following the receipt of the £49,800 Bounce Back Loan a review of the company bank account shows that between 16 June 2020 and 18 June 2020 payments totalling £49,000 were made to a connected company, of which Mr Attaie is the sole director. • On 21 June 2022 Kaash entered into liquidation with total liabilities of £50,001. ASIATIC TEXTURE LIMITED (In Creditors Voluntary Liquidation) Mr Attiae caused Asiatic Texture Limited (“Asiatic”) to breach the terms & conditions of the Bounce Back Loan (“BBL”) scheme by applying for a BBL of £49,900 on 10 June 2020 using false figures in the application form. Consequently, Asiatic received more monies than it was entitled to from the BBL scheme and thereafter the BBL monies were not used for the economic benefit of the business, 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. The funds could only be used to provide economic benefit to the company and not for personal purposes. ? In the Bounce Back Loan application form, completed on 11 June 2020, the turnover for 2019 was stated to be £199,580. ? A review of Asiatic’s bank account for the period 22 August 2019, the date the account was opened, to 10 June 2020 , the date the BBL was obtained shows trading income totalling £53,660, at most. ? Asiatic was incorporated on 17 June 2019 and commenced trading in September 2019. As a result it was allowed to estimate annual turnover from the date the business started. ? On the Basis of Asiatic’s first 9 months of trading, with receipts totalling £53,660, a reasonable turnover estimate for the remaining 3 months would have been £17,887. ? On the basis of the estimated turnover of £71,547 Asiatic would have been eligible for a BBL in the amount of £17,887. ? Asiatic received a bounce back loan of £49,900 which was paid into the company bank account on 11 June 2020. ? Following the receipt of the £49,900 Bounce Back Loan a review of the company bank account shows that between 15 June 2020 and 18 June 2020 payments totalling £49,900 were made to a connected company, of which you are the sole director. ? On 21 June 2022 Asiatic entered liquidation with total liabilities of £90,932 of which £48,910 remained outstanding in respect of the BBL. 

This information is correct as at 8 / 7 / 2025

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