Case details for Mohammed TANVEER

Name: Mohammed TANVEER


Date of Birth: 2 / 1 / 1981

Date Order Starts: 18 / 3 / 2022

Disqualification Length: 5 Years 6 Month(s)

CRO Number: 11912335

Last Known Address: 9 Sam Harrison Way,, , , , NORTHAMPTON,, NN5 6UL

Conduct: Mohammed Tanveer (“Mr Tanveer”) caused Terry Peri Ltd (“Terry”) to breach the conditions of the Bounce Back Loan (“BBL”) Scheme by overstating Terry’s annual turnover in order to obtain a larger loan of £45,000, when he knew or ought to have known that Terry was only eligible for a loan to a maximum of £19,758 based on estimated sales income for the calendar year 2019. In that: • BBL Scheme conditions state that for a business to apply for a loan, the turnover figure, even if self-certified by the applicant with no checks or evidence required, cannot be over-estimated in order to obtain a larger loan. Based on nominal ledgers which show sales income of £46,101 for the period between 16 August 2019 and 09 April 2020 sales income for the calendar year 2019 can be estimated as £79,030. On this basis, Terry was eligible to borrow a maximum of £19,758; • On 13 May 2020, he applied for a BBL of £45,000 on behalf of Terry, stating in the loan application that Terry’s Turnover 2019 was £200,000; • On 14 May 2020, funds of £45,000 were credited to Terry’s current bank account; • At the date of the Liquidation on 23 February 2021, a total of £101,451 was owed to creditors, of which £45,000 in respect of the BBL, £1,630 to trade creditors, £40,886 to connected parties and £13,935 to the Directors. 

This information is correct as at 17 / 3 / 2022

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