Case details for Matthew Jamalidini

Name: Matthew Jamalidini

Name: Touch Phones Communication Ltd

Date of Birth: 9 / 4 / 1969

Date Order Starts: 25 / 12 / 2024

Disqualification Length: 9 years Years 0 Month(s)

CRO Number: 07172399

Last Known Address: 6 Coates Road, , , , BIGGLESWADE, SG18 8US

Conduct: On 30 June 2020 Mathew Jamalidini (Mr Jamalidini) caused Touch Phones Communications Ltd (Touch Phones) to apply for a Bounce Back Loan (“BBL”) of £50,000 using overstated turnover figures, which resulted in Touch Phones obtaining a BBL that was more than it was entitled to. In that: • Under the BBL scheme businesses could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of turnover. The turnover figure was self-certified by the applicant. The turnover figure required was that for the calendar year 2019 or where a business was established after 1 January 2019 it is their estimated turnover. • Touch Phones was incorporated on 01 March 2010 and started trading from that date. • On 30 June 2020, Mr Jamalidini obtained a BBL of £50,000 on behalf of Touch Phones declaring that its turnover for the calendar year 2019 was £200,000. • Year end accounts show for 31 March 2019 and 31 March 2020, Touch Phones had turnover of £6,028 and £8,238 respectively. • Touch Phone received the BBL funds of £50,000 on 01 July 2020. • Total liabilities at liquidation amount to £51,849 of which £47,371 relates to the amount owed in respect of the BBL. 

This information is correct as at 6 / 12 / 2024



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