Name: Bilal Sarwar

Name: CARRONSHORE TAKEAWAY LTD

Date of Birth: 7 / 5 / 1985

Date Order Starts: 14 / 5 / 2026

Disqualification Length: 12 Years  Month(s)

CRO Number: SC635109

Last Known Address: 10 Grant Drive, Redding,, , , , FALKIRK,, FK2 9FA

Conduct: Bilal Sarwar (“Mr Sarwar”) caused Carronshore Takeaway Limited (“Carronshore”) to apply for and obtain two separate Government backed Bounce Back Loans (“BBL”) of £50,000, totalling £100,000, when he knew or ought to have known that Carronshore was not entitled to receive either BBL under the terms and conditions of the BBL Scheme. Thereafter, in breach of the BBL scheme, neither BBL was used in its entirety for the economic benefit of the business of Carronshore. In that: BBL with Bank A On 02 November 2020 Bilal Sarar (“Mr Sarwar”) caused Carronshore Takeaway Limited (“Carronshore”) to apply for and obtain a Government-backed Bounce Back Loan (‘BBL’) of £50,000 when he knew or ought to have known that Carronshore was not entitled to a BBL. Mr Sarwar made a wrongful declaration on the BBL application that the company was trading at the date of application. Furthermore, Mr Sarwar failed to ensure that the BBL funds were used for the economic benefit of Carronshore, in that: • The BBL Scheme terms and conditions state that applicants applying for a BBL on behalf of the business are required to declare that the business was engaged in trading or commercial activity at the date of the BBL application. • On 02 November 2020 Mr Sarwar applied for a £50,0000 BBL with Bank A, declaring a turnover of £225,000. The £50,000 BBL was received on 03 November 2020 into Bank A. • Carronshore’s bank statements show no trading income after 17 September 2020. Therefore, Carronshore had ceased trading in September 2020, and was not trading at the time of BBL application making Carronshore ineligible to apply for a BBL. • Prior to receipt of the BBL the balance of that Carronshore bank account with bank A stood at £0. In the period 26 January 2021 to 03 April 2021, during which no other income was paid into the bank account, funds totalling £45,000 were transferred directly to Mr Sarwar by means of eight transfers. • No evidence has been provided that the funds transferred were used for the benefit of Carronshore. • Carronshore made repayments totalling £3,250 towards the BBL provided by Bank A. At liquidation £49,748 remained outstanding in respect of the BBL from Bank A BBL with Bank B On 25 November 2020 Mr Sarwar caused Carronshore Takeaway Limited (“Carronshore”) to apply for and obtain a second Government-backed Bounce Back Loan (‘BBL’) of £50,000 when he knew or ought to have known that Carronshore was not entitled to apply for a second BBL, as Carronshore had already received a BBL of the maximum amount on 03 November 2020. As with Bank A, Mr Sarwar also made a wrongful declaration on the BBL application that the company was trading at the date of application. Furthermore, Mr Sarwar failed to ensure that the BBL funds were used for the economic benefit of Carronshore, in that: • Under the BBL scheme eligibility, a borrower is required to declare that this is their only application for a BBL, and that it is not in the process of applying for or has already received a BBL. Businesses were able to apply for one BBL up to 25% of their turnover to a maximum of £50,000. The BBL Scheme terms and conditions also state that applicants applying for a BBL on behalf of the business are required to declare that the business was engaged in trading or commercial activity at the date of the BBL application. • On 25 November Mr Sawar, through Carronshore, made a second application for a BBL of £50,000 to Bank B, declaring a turnover of £215,000,. • Mr Sarwar signed the declaration on the application form on 25 November 2020, confirming that this was Carronshore’s only application for a BBL and that it was not in the process of applying for or had already received a BBL. Mr Sarwar knew or ought to have known that this declaration was false, Carronshore having already received a £50,000 BBL on 03 November 2020. • Carronshore’s bank statements show no trading income after 17 September 2020. As Carronshore had ceased trading in September 2020 it was also not eligible to apply for the second BBL for this reason. • The £50,000 BBL was received on 10 December 2020. Prior to receipt of the BBL the balance of the Carronshore bank account with Bank B stood at £0. • In the period 05 January 2021 to 23 March 2021, during which no other income was paid into the bank account, funds totalling £50,000 were transferred out, including: o three transfers to Mr Sarwar totalling £15,000; o £12,000 transferred to a connected company, of which Mr Sarwar was the sole director at the date of the transfer • No evidence has been provided that the funds transferred were used for the benefit of Carronshore. • Carronshore made repayments totalling £638 towards the BBL provided by Bank B. At liquidation £51,103 remained outstanding in respect of the BBL from Bank B 

This information is correct as at 24 / 4 / 2026

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