Name: Ihsan Mahmood KHAN

Name: NUJUN CAR LEASING LTD

Date of Birth: 18 / 11 / 1991

Date Order Starts: 28 / 3 / 2024

Disqualification Length: 8 Years 0 Month(s)

CRO Number: 10700557

Last Known Address: 10 Woodbine Road,, , , , BLACKBURN,, BB2 6JZ

Conduct: On 10 June 2020 Ihsan Mahmood Khan (‘Mr Khan’) caused Nujun Car Leasing Ltd (‘NCL’) to apply for a Bounce Back Loan (“BBL”) of £50,000 using overstated turnover figures on the application form. Consequently, NCL received more monies than it was entitled to from the BBL scheme, in that: • Under the BBL scheme, businesses could apply for a loan of between £2,000 and £50,000 subject to a maximum of 25% of its turnover. The turnover figure was self-certified by the applicant and was that for the calendar year 2019, or where a business was established after 01 January 2019, their estimated turnover. • NCL was incorporated on 30 March 2017 and filed dormant accounts at Companies House for the periods ending 31 March 2018. Mr Khan stated that the company stated trading on 01 April 2019 and therefore eligible to estimate. • Full accounts were filed at Companies House on 23 September 2020 for the period ending 31 March 2020, which declare a turnover of £35,582 • Bank statements for the calendar year - excluding receipts from Mr Khan and those referenced ‘investment’ - show income totalling £30,356. • Based on the turnover of £35,582, NCL was entitled to a maximum BBL of £8,895.50 • On 10 June 2020 Mr Khan applied to NCL’s bank for a BBL of £50,000, declaring a turnover of £300,000 for 2019, • Mr Khan provided a business plan dated 1 June 2020 which stated as one of its objectives,”Achieve profitable status during our first year be achieving turnover of £300,000”,however it was a predicted turnover for the 12 month period from June 2020 to May 2021 and not the estimate turnover from when the company started trading in April 2019 to the date of the BBL application. • NCL entered Creditors’ Voluntary Liquidation on 24 November 2021 • At liquidation, the BBL of £50,000 remained outstanding in its entirety. The liquidator subsequently recovered £10,000 from the director. 

This information is correct as at 11 / 3 / 2024

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