Name: RAHUL BAINS

Name: Bains Asset Management Limited

Date of Birth: 9 / 10 / 1993

Date Order Starts: 30 / 10 / 2026

Disqualification Length: 7 Years 0 Month(s)

CRO Number: 12046566

Last Known Address: 14 Stretton Road, , , , LEICESTER, LE3 6BN

Conduct: On 13 July 2020 Rahul Bains (“Mr Bains”) caused Bains Asset Management Limited (“BAM”) to apply for a Bounce Back Loan (“BBL”) of £50,000 using a turnover figure which he knew, or ought to have known, was overstated. This resulted in BAM obtaining a BBL that was more than it was entitled. 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 was self-certified by the applicant. The turnover figure required was that for the calendar year 2019 or where a business was established after 1 January 2019 it is their estimated turnover. • BAM was incorporated on 12 June 2019. • On 13 July 2020, Mr Bains applied for a BBL of £50,000 on behalf of BAM declaring that its estimated turnover was £250,000. • BAM filed dormant accounts for periods 30 June 2020, 30 June 2021 and 30 June 2022. • Bank Statements show no activity prior to the receipt of BBL funds. • BAM received the BBL funds of £50,000 on 15 July 2020. • Total liabilities at liquidation amount to £50,769 of which £50,569 relates to the amount owed in respect of the BBL. 

This information is correct as at 12 / 10 / 2026

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