Name: Tagtar Singh Lakman

Name: J&E Traders Limited

Date of Birth: 1 / 1 / 1981

Date Order Starts: 6 / 5 / 2026

Disqualification Length: 9 Years  Month(s)

CRO Number: 10663759

Last Known Address: 17, Thorncliffe Road, SOUTHALL, , , UB2 5RJ

Conduct: On 21 July 2020, Mr Tagtar Singh Lakman (Mr Lakman) caused J&E Traders Ltd (“J&E”) to obtain a second Bounce Back Loan (“BBL”) of £45,000 when he knew or ought to have known that J&E was not eligible for more than one BBL. Mr Lakman made a wrongful declaration on the BBL application form confirming that the second BBL application was the only application for the business. As a result, J&E received more BBL funds than it was entitled to and did not comply with the terms of the BBL scheme, in that: • The terms of the BBL Scheme stated that a business could apply for one loan of up to 25% of a Company’s turnover, from a minimum of £2,000, up to a maximum of £50,000. It was also a requirement of the scheme that the applicant confirm that no other BBL application had been made for the same business. • The Company was incorporated on 10 March 2017. Mr Lakman was appointed as a director of the Company on 14 January 2019. • On 25 June 2020, Mr Lakman applied for a BBL of £50,000 on behalf of J&E from Bank A. On 26 June 2020, J&E received the first BBL of £50,000 from Bank A. • On 21 July 2020, Mr Lakman applied for a second BBL of £45,000 from Bank B. J&E received the second BBL of £45,000 on the same day. • Both BBLs were obtained at a time that Mr Lakman was a director of the Company. • Total liabilities at Liquidation, amount to £131,002 of which at least £37,177 relates to the amount owed in respect of the second BBL. 

This information is correct as at 16 / 4 / 2026

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