Name: Pellumb Hasula

Name: PELLUMB HASULA LIMITED

Date of Birth: 27 / 5 / 1972

Date Order Starts: 15 / 3 / 2024

Disqualification Length: 9 Years 0 Month(s)

CRO Number: 08415315

Last Known Address: 831a Victoria Road, , , , RUISLIP, HA4 0JJ

Conduct: On 18 May 2020, Pellumb Hasula (“Mr Hasula”) caused Pellumb Hasula Limited (“PHL”) to apply and obtain a Bounce Back Loan (“BBL”) of £50,000 that PHL was not entitled to by overstating its turnover on the BBL application. As a result, PHL received £40,619 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 annual turnover. These funds were to be used for the economic benefit of the company. • PHL was incorporated on 22 February 2013. • The company’s financial accounts declared turnover of £32,650 for the year ending March 2019 and £33,000 turnover for the year ending March 2020. • The company’s bank statements show that income of £37,524 was received during the 2019 calendar year. On this basis, the company was eligible to apply for a maximum BBL of £9,381. • On 18 May 2020, Mr Hasula applied for a £50,000 BBL on behalf of PHL, declaring the company’s annual turnover as £210,000. • On 20 May 2020, PHL received BBL funds of £50,000 into the company’s bank account. • The company made 11 Bounce Back Loan repayments totalling £11,134 during the period 21 June 2021 to 20 May 2022. • On 9 August 2022, PHL entered creditors voluntary liquidation with liabilities of £38,866 of which the full amount relates to the BBL. 

This information is correct as at 27 / 2 / 2024

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