Name: TALHA DAR

Name: FINZA CONSULTING LTD

Date of Birth: 7 / 2 / 1987

Date Order Starts: 23 / 12 / 2025

Disqualification Length: 8 Years 0 Month(s)

CRO Number: 12112535

Last Known Address: , , , , ,

Conduct: On 29th July 2020, Mr Talha Dar ("Mr Dar") applied for and obtained a Government-backed Bounce Back Loan (‘BBL’) of £50,000 for Finza Consulting Limited (“FCL”) to which it was not entitled, by providing false and/or inaccurate information regarding FCL’s turnover.Furthermore, funds received from the BBL totalling were not used for the economic benefit of FCL in that: • The BBL scheme enabled a business to apply for a BBL of between £2,000 and £50,000, up to a maximum of up to 25% of the business's turnover for the 2019 calendar year. Where a business was established after 1 January 2019, the applicant was required to apply the 25% limit to the business’ estimated annual turnover from the date the business started. • FCL was incorporated on 19 July 2019 however commenced trading in January 2020 and therefore could declare estimated annual turnover within the application from the date the business started. • The BBL application stated that the estimated turnover for FCL in its first year of trading was £220,000 and the application was for a maximum BBL of £50,000. • FCL's bank statements for its first fourteen weeks of trading up to the date of the BBL application show a total turnover of £25,050; an additional contract indicated a further turnover of £25,000 for that year; this gave a projected turnover for the first year of trading of around £50,000 which made the Company eligible for a maximum BBL of £12,500. • By over-stating the estimated turnover of FCL, Mr Dar obtained £37,500 more in BBL funds than the Company was entitled to. • Mr Dar has stated that the declared turnover figure was based on projections for FCL, however he was unable to provide sufficient evidence to support that expectation • The BBL Scheme required the applicant to declare that the BBL funds would be used for the economic benefit of the Company and not be used for personal benefit. • On 4th August 2020 £50,000 in BBL funds were received into FCL's bank account • That same day, the whole of the BBL funds were transferred out to Mr Dar personally in two payments of £40,000 and £10,000. • Mr Dar has failed to provide any evidence that these funds were used for the benefit of the Company. • FCL entered Creditors Voluntary liquidation on 5 July 2023 • At the date of liquidation, the only debt of £51,363 in respect of the BBL remains outstanding 

This information is correct as at 4 / 12 / 2025

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