Name: Grace Cohli

Name: ABLE QUICK-LEARN LTD

Date of Birth: 21 / 5 / 1956

Date Order Starts: 11 / 11 / 2025

Disqualification Length: 10 Years  Month(s)

CRO Number: 11860762

Last Known Address: 102 Garrison Lane,, , , , FELIXSTOWE, IP11 7RB

Conduct: Mrs Grace Cohli (“Mrs Cohli”) caused Able Quick-Learn Ltd to breach the terms and conditions of the Bounce Back Loan (“BBL”) by making an application for a loan when she knew, or ought to have known that the eligibility conditions were not met. In that: • The BBL scheme terms allowed businesses to receive a loan of up to 25% of their annual turnover for the 2019 calendar year, which the applicant would self-certify when completing the BBL application.   • If a company was established after 01 January 2019, they were allowed to estimate the company turnover from the date the company started to trade. • AQL was incorporated on 15 March 2019 and began trading straight away. • Mrs Cohli declared on the company’s BBL application form an estimated annual turnover of £200,000, and consequently on 11 May 2020 AQL received a £50,000 BBL. • Annual accounts for financial year ending 31 March 2020 show the company declared a turnover of £300. • An analysis of the company bank statements for the period 01/01/19 – 31/12/19 shows nil receipts. • This would have meant that AQL would not have been entitled to apply for a BBL as the company did not meet the minimum turnover required. • The overstatement of turnover meant that AQL received £50,000 more than it was entitled to from the BBL scheme. • AQL entered Creditor’s Voluntary Liquidation on 13 January 2023. • At liquidation, AQL had liabilities totalling £50,569, of which £50,569 was owed to the bank in respect of the BBL.  

This information is correct as at 22 / 10 / 2025

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