Name: Adil Shafiq

Name: SSG SECURITY SERVICES LTD

Date of Birth: 15 / 8 / 1978

Date Order Starts: 9 / 4 / 2026

Disqualification Length: 10 Years  Month(s)

CRO Number: 12482379

Last Known Address: 12, Glanmor Road, Slough, , , SL2 5LQ

Conduct: Authorised allegation On 09 June 2020, Adil Shafiq (“Mr Shafiq”) caused SSG Security Services Ltd (“SSG”) to apply and obtain a Government backed Bounce Back Loan (“BBL”) of £50,000 when he knew or ought to have known that SSG was not eligible for a loan of that amount. As a result, SSG received more BBL funds than it was eligible for and did not use the entirety of the loan monies for the economic benefit of the Company, in that: • Under the BBL scheme rules, in order to be eligible for the BBL, a company must have been trading on 1 March 2020 and on the day of the BBL application. When making an application for a BBL, up to a maximum of £50,000, an applicant had to self-certify the company’s 2019 calendar year turnover. Where a company commenced trading after 01 January 2019, the applicant was entitled to provide a reasonable estimate of Company annual turnover from the date it started business. BBL monies obtained were to be applied wholly for the economic benefit of the company and not for any personal use. • Mr Shafiq was appointed as the sole director from 25 February 2020 to liquidation. SSG was eligible to predict its turnover providing that trading had commenced by 01 March 2020. • A bank account was opened in the name of SSG on or around 04 March 2020. The first transaction on the bank account was on 11 June 2020, which was a BBL of £50,000. • On 09 June 2020, Mr Shafiq applied for a BBL, on behalf of SSG, for the sum of £50,000 declaring that SSG’s turnover was £246,000. • The BBL proceeds of £50,000 were received on 11 June 2020. By applying for a BBL of £50,000 SSG received £50,000 more than it was entitled to. As it was the first transaction on the bank account, the balance on the account prior to the BBL was £NIL. • SSG received no income from trading activities from incorporation to liquidation. • Between 06 July 2020 and 12 October 2023, payments of at least £36,850 were made to third parties and £1,000 was withdrawn in cash. No evidence has been provided to show that these transactions were for the economic benefit of the company. • Overall deficiency at Liquidation amount to £50,213, of which at least £40,739 relates to the amount owed in respect of the BBL. 

This information is correct as at 23 / 3 / 2026

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