Case details for Ram  Chokra

Name: Ram  Chokra

Name: Watch it tick UK Limited

Date of Birth: 14 / 1 / 1989

Date Order Starts: 9 / 12 / 2024

Disqualification Length: 9 years Years 0 Month(s)

CRO Number: 09839059

Last Known Address: Apartment 3, 60 Grove Road,, , , , HOUNSLOW, TW3 3FX

Conduct: On 18 May 2020 Ram Kavesh Chokra (“Mr Chokra”) obtained a £50,000 Bounce Back Loan (“BBL”) for Watch It Tick UK Limited (“Tick”) by providing misleading information about its relevant turnover, when Tick was only entitled to a maximum BBL of £18,375 in that: • under the BBL scheme a business that was established before 01 January 2019 could apply for a loan of 25% of its turnover in the 2019 calendar year up to a maximum of £50,000, or if established after 01 January 2019 an estimated turnover figure could be used; • on 15 May 2020 Mr Chokra applied for a £50,000 BBL for Tick and declared a turnover of £250,000 based on estimated future turnover; • Tick was incorporated on 23 October 2015 and as per the BBL terms and conditions, the actual turnover for the 2019 calendar year ought to have been declared on the BBL application; • the loan was received in the company’s bank account on 18 May 2020; • Tick’s accounts show a turnover in the year to 31 March 2019 of £50,480 and in the year to 31 March 2020 of £82,410, and the company’s accountant has estimated the turnover in the calendar year at £73,500, on the basis of which its BBL eligibility would only have been £18,375; • Tick went into liquidation on 14 March 2023 having repaid £5,262 of the BBL. 

This information is correct as at 19 / 11 / 2024



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