Case details for Aman Ali ALTAF

Name: Aman Ali ALTAF

Name: TWO CONES LIMITED and THE YELLOW KITCHEN LIMITED

Date of Birth: 1 / 12 / 1999

Date Order Starts: 31 / 10 / 2023

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 12027777&12364304

Last Known Address: 39 Chaffcombe Road,, , , , BIRMINGHAM,, B26 3YA

Conduct: Aman Ali Altaf (Mr Altaf) caused Two Cones Limited (Two Cones) to apply for a Bounce Back Loan (BBL) of £50,000 on 18 May 2020 using overstated turnover figures in the BBL application form. Consequently, Two Cones received more monies than it was entitled to from the BBL scheme, in that: Businesses could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of turnover in the calendar year 2019 or where a business was established after 01 January 2019 it is their estimated turnover. Two Cones was incorporated on 03 June 2019. No accounts have been submitted to Companies House for Two Cones. On 18 May 2020 Mr Altaf applied for a BBL of £50,000 on behalf of Two Cones declaring that its estimated turnover was £200,000., Bank records show that Two Conesí income between 12 June 2019 and 18 May 2020 was £4,846. Mr Altaf states Two Cones didnít really earn any money at all. The amount of BBL that Mr Altaf could have applied for was at most £2,000. Two Cones therefore received at least £48,000 more than it was entitled to under the BBL scheme. On 02 November 2022 Two Cones was wound up in the High Court of Justice Business and Property Court of England and Wales with total liabilities of £50,385 of which the entirety relates to the outstanding BBL.? Aman Ali Altaf (Mr Altaf) caused The Yellow Kitchen Limited (Yellow Kitchen) to apply for a Bounce Back Loan (BBL) of £40,000 on 18 May 2020 using overstated turnover figures in the BBL application form. Consequently, Yellow Kitchen received more monies than it was entitled to from the BBL scheme. In that: Businesses could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of turnover in the calendar year 2019 or where a business was established after 01 January 2019 it is their estimated turnover. Yellow Kitchen was incorporated on 16 December 2019. No accounts have been submitted to Companies House for Yellow Kitchen. On 18 May 2020 Mr Altaf applied for a BBL of £40,000 on behalf of Yellow Kitchen declaring that its estimated turnover was £230,000., Bank records show that Yellow Kitchen income between 08 January 2020 and 18 May 2020 was £75. Mr Altaf states Yellow Kitchen earned about £2,000 to £3,000 a month, taken in cash for which he has no records. The amount of BBL that Mr Altaf could have applied for was at most £9,000. Yellow Kitchen therefore received at least £31,000 more than it was entitled to under the BBL scheme. On 26 October 2022 Yellow Kitchen was wound up in the High Court of Justice Business and Property Court of England and Wales with total liabilities of £50,027 of which the entirety relates to the outstanding BBL.? 

This information is correct as at 10 / 10 / 2023



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