Case details for Ahmed Muhammad Azhar Chaudhry

Name: Ahmed Muhammad Azhar Chaudhry

Name: CRYSTAL ZONE LIMITED

Date of Birth: 23 / 2 / 1981

Date Order Starts: 16 / 12 / 2024

Disqualification Length: 9 years Years 0 Month(s)

CRO Number: 09052567

Last Known Address: 22 Titmuss Avenue,, , , , London,, SE28 8DH

Conduct: On 26 May 2020 Mr Ahmed Muhammad Azhar Chaudhry (‘Mr Chaudhry’) applied for and obtained a Government-backed Bounce Back Loan (‘BBL’) of £50,000 for Crystal Zone Ltd (‘CZL’) by providing inaccurate information regarding CZL’s turnover in 2019, thereby causing it to obtain at least £29,005 in BBL funding to which it was not entitled. In that: • The BBL scheme permitted a loan of up to 25% of a business’ turnover in the calendar year 2019 (or estimated annual turnover from the date it commenced trading if it had been established after 01 January 2019), to a maximum of £50,000; • CZL was incorporated in May 2014 and commenced trading at that time, it was therefore not permitted to estimate its income for the purposes of the BBL application; • Corporation Tax returns submitted show income of: o £83,983 in the year to 31 May 2019; and o £76,043 in the following year; • Taking the higher of these figures, CZL was entitled to a BBL of no more than £20,995; • On 26 May 2020 Mr Chaudhry completed an application form for a BBL from CZL’s bank, self-certifying that its turnover in 2019 was £2million and requesting a loan of £50,000. • The BBL was received on 28 May 2020; • CZL therefore obtained at least £29,005 in BBL funding to which it was not entitled; • At the liquidation date £43,907 remained outstanding in respect of the BBL. 

This information is correct as at 27 / 11 / 2024



If you believe this page contains any errors, please email legalservices@insolvency.gov.uk with details of the error that you have found.