Name: DAVINDER SINGH BANGA

Name: MULTI SOCIAL MEDIA LTD and KINGPAY LIMITED

Date of Birth: 24 / 6 / 1984

Date Order Starts: 16 / 12 / 2025

Disqualification Length: 8 Years 0 Month(s)

CRO Number: 08143068&09268511

Last Known Address: 1 Wassell Grove House,, Wassell Grove, Lane, Hagley,, , ,STOURBRIDGE, DY9 9JH

Conduct: Multi Social Media Ltd On 05 May 2020, Davinder Singh Banga (“Mr Banga”) caused Multi Social Media Ltd (“MSM”) to obtain a £43,000 Bounce Back Loan (“BBL”) by overstating MSM’s turnover, when he knew or ought to have known that MSM was not eligible for this amount. As a result, MSM received £35,287.79 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 01 January 2019, an estimated turnover could be used. • MSM was incorporated on 13 July 2012 and started trading before 01 January 2019 and was therefore not entitled to estimate turnover for the purposes of a BBL application. • On 05 May 2020, Mr Banga signed an agreement to obtain a £43,000 BBL on behalf of MSM, declaring that its turnover for the calendar year 2019 was £175,000. Funds were credited into MSM’s bank account the following day. • Unaudited Financial Statements prepared for accounting years ending 31 March 2019 and 31 March 2020, show MSM had a turnover of £78,921 and £67,971 respectively. • Analysis of its bank account shows that between 01 January 2019 and 31 December 2019, MSM received sales income totalling £30,848.85. • Based on the income received into its bank account for the 2019 calendar year, MSM was entitled to a BBL of up to £7,712.21. • The overstatement of turnover meant that MSM received £35,287.79 more than it was entitled to from the BBL scheme. • MSM entered liquidation on 14 September 2022 with liabilities of at least £51,816.18 of which £40,459.62 relates to the amount owed in respect of the BBL. Kingpay Limited On 04 May 2020, Davinder Singh Banga (“Mr Banga”) caused Kingpay Limited (“Kingpay”) to obtain a £43,750 Bounce Back Loan (“BBL”) by overstating Kingpay’s turnover, when he knew or ought to have known that Kingpay was not eligible for this amount. As a result, Kingpay received £36,260.56 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 01 January 2019, an estimated turnover could be used. • Kingpay was incorporated on 17 October 2014 and started trading before 01 January 2019 and was therefore not entitled to estimate turnover for the purposes of a BBL application. • On 04 May 2020, Mr Banga signed an application to obtain a £43,750 BBL on behalf of Kingpay, declaring that its turnover for the calendar year 2019 was £175,000. The agreement for the loan was signed by Mr Banga on 11 May 2020, and funds were credited into Kingpay’s bank account on 15 May 2020. • Unaudited Financial Statements prepared for accounting years ending 31 March 2019, 31 March 2020, and 31 March 2021 show Kingpay had Nil turnover. • Analysis of its bank account shows that between 01 January 2019 and 31 December 2019, Kingpay received sales income totalling £29,957.75. • Based on the income received in its bank account during calendar year 2019, Kingpay was entitled to a BBL of up to £7,489.44. • The overstatement of turnover meant that Kingpay received £36,260.56 more than it was entitled to from the BBL scheme. • Kingpay entered liquidation on 21 December 2022 with liabilities of at least £51,579.09 of which £42,093.78 relates to the amount owed in respect of the BBL. 

This information is correct as at 25 / 11 / 2025

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