Case details for Bhavanjeet Samra

Name: Bhavanjeet Samra

Name: FLEMING THE JEWELLERS LIMITED

Date of Birth: 29 / 5 / 1989

Date Order Starts: 29 / 11 / 2024

Disqualification Length: 6 years Years 0 Month(s)

CRO Number: 09415170

Last Known Address: 36 Farley Road,, , , , DERBY,, DE23 6BW

Conduct: On 22 June 2020 Bhavanjeet Samra (“Mr Samra”) caused Fleming The Jewellers Limited (“Fleming”) to make a Bounce Back Loan (“BBL”) application for £50,000 which he knew or ought to have known did not meet the terms of the scheme. Mr Samra made a wrongful declaration by overstating Fleming’s turnover as a result Fleming received more funds than it was entitled to from the BBL scheme. In that: • Fleming was incorporated on 30 January 2015 • A business could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of their turnover in the calendar year 2019. • Financial accounts for year-ended 31 January 2020 showed a turnover of £72,832. • Bank statements for year 2019 show a turnover of £49,888. • Mr Samra made an application to the bank for a BBL of £50,000 and stated the annual turnover for Fleming for 2019 was £275,000 • On 23 June 2020, BBL funds of £50,000 were paid into the company’s bank account. • Repayments were made towards the BBL of £22,913. • On 23 January 2024, Fleming entered Creditors Voluntary Liquidation with known liabilities of £58,859, of which £29,359 is owed in respect of the BBL. 

This information is correct as at 12 / 11 / 2024



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