Case details for TAHIR SIDDIQUE SHEIKH

Name: TAHIR SIDDIQUE SHEIKH

Name: LONDON CAR & VAN SERVICE LIMITED and Legal World Services UK Limited

Date of Birth: 1 / 4 / 1965

Date Order Starts: 6 / 11 / 2023

Disqualification Length: 12 Years 0 Month(s)

CRO Number: 12120371

Last Known Address: 98 South Gipsy Road,, , , , WELLING,, DA16 1JD

Conduct: London Car & Van Service Limited Mr Tahir Siddique Sheikh (“Mr Sheikh”) caused London Car & Van Service Limited (“LCVS”) to breach the terms of the Bounce Back Loan (“BBL”) scheme by providing inaccurate information on the BBL application. As a consequence of his actions, LCVS obtained a BBL amount of £50,000, which it was not eligible to receive. In that: • The Bounce Back Loan (“BBL”) scheme rules allowed businesses to apply for a BBL if they were engaged in trading or commercial activity in the UK at the date of the application, were carrying on business on 01 March 2020 and had been adversely affected by Covid. A business could receive a loan of up to 25% of their annual turnover for the 2019 calendar year, which those businesses would self-certify when completing the BBL application. • LCVS was incorporated on 24 July 2019. Mr Sheikh stated that the company did not commence trading until receipt of the BBL funds. The company bank statements show that the company did not trade, with the only transactions being the receipt and subsequent transfer of the BBL funds. Therefore LCVS was not eligible to access the BBL scheme. • Mr Sheikh applied for a BBL declaring a turnover of £260,000 on the BBL application. Consequently, on 10 August 2020 the company received £50,000, the maximum loan amount possible under the BBL scheme. • At liquidation, the company owed £55,000 of which £50,000 was owed to a Bank in respect of the BBL. Legal World Services UK Limited Mr Sheikh caused Legal World Services UK Limited (“LWSUK”) to breach the terms of the Bounce Back Loan (“BBL”) scheme by providing inaccurate information on the BBL application. As a consequence of his actions, LWSUK obtained a BBL amount of £50,000, which it was not eligible to receive. In that: • The Bounce Back Loan (“BBL”) scheme rules allowed businesses to apply for a BBL if they were engaged in trading or commercial activity in the UK at the date of the application, were carrying on business on 01 March 2020 and had been adversely affected by Covid. A business could receive a loan of up to 25% of their annual turnover for the 2019 calendar year, which those businesses would self-certify when completing the BBL application. • LWSUK was incorporated on 30 November 2018 but was dormant until at least 01 December 2019. Mr Sheikh stated that the company did not commence trading until receipt of the BBL funds. The company bank statements show that the company did not trade, with the only transactions being the receipt and subsequent transfer of the BBL funds. • Mr Sheikh applied for a BBL declaring a turnover of £275,000 on the BBL application. Consequently, on 01 October 2020 the company received £50,000, the maximum loan amount possible under the BBL scheme. • At liquidation, the company owed £50,000 which was owed to a Bank in respect of the BBL. 

This information is correct as at 17 / 10 / 2023



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