Name: Shahzeb Khan

Name: SPS MOTOR SPARES LTD

Date of Birth: 1 / 5 / 1978

Date Order Starts: 19 / 2 / 2026

Disqualification Length: 9 Years  Month(s)

CRO Number: 12359986

Last Known Address: 27 Birchfields Avenue,, , , , MANCHESTER, M13 0XG

Conduct: Mr Shahzeb Khan (“Mr Khan”) caused SPS Motor Spares Ltd (“SPS”) to overestimate its turnover to receive two BBLs which he knew or ought to have known SPS was not entitled to receive and to breach the terms and conditions of the Bounce Back Loan (“BBL”) by applying for a second BBL and failing to apply £5,000 to the economic benefit of SPS in that: • During the Covid-19 pandemic, the UK Government introduced the Bounce Back Loan (“BBL”) Scheme. Under the BBL scheme rules, a company that was carrying on business on 01 March 2020 was eligible to apply for one BBL of 25% of its 2019 calendar year turnover, up to a maximum of £50,000. When making an application for a BBL, an applicant had to self-certify the company’s 2019 calendar year turnover. Where a company was established after 01 January 2019, the applicant was entitled to provide a reasonable estimate of Company annual turnover based on its turnover from the date it was established. • SPS was incorporated on 11 December 2019 and commenced trading around the same time. • Mr Khan was appointed as a director on 11 December 2019 and remained a director until the SPS’s liquidation on 30 January 2024. • On 13 May 2020 Mr Khan applied for a BBL (“BBL1”) of £10,000 from Lender 1 stating a turnover of £60,000. SPS received a BBL of £10,000 on 15 May 2020. • On 28 May 2020 Mr Khan applied for a BBL (“BBL2”) of £20,000 from Lender 2 stating a turnover of around £80,000. SPS received a BBL of £20,000 on 28 May 2020. • The SPS’s accounts for the period 11 December 2019 to 31 December 2020 show a turnover of £4,322. • Mr Khan was stated that the declared turnover was projected figures but has provided no documentary evidence to support the projected turnover figures. The account was credited in the period 11 December 2019 to 11 May 2020 in the sum of £3,229.98. • The Company was only able to apply for one BBL from one lender. As part of an application for a BBL, the applicant must confirm that they are not in the process of obtaining or have not already received a BBL. This declaration would have been included in the applications for BBL1 and BBL2. Therefore, the Company was not entitled to apply for BBL2. • On 13 May 2020 the BBL of £10,000 and on 28 May 2020 the BBL of £20,000 was paid into SPS’s account. On 3 November 2020, £5,000 was used to purchase another company, Mr Khan is recorded as the shareholder of this Company’s shares and there is no evidence that the purchase of the company was in the economic benefit of the Company. • Both BBLs remain outstanding. Lender 1 is a creditor in the Company’s liquidation for £10,067.88 and Lender 2 is a creditor for £18,548.84. 

This information is correct as at 9 / 2 / 2026

If you believe this page contains any errors, please email legalservices@insolvency.gov.uk with details of the error that you have found.