Case details for Kamaljit Hayre

Name: Kamaljit Hayre

Name: AA Sportswear Limited

Date of Birth: 7 / 6 / 1968

Date Order Starts: 26 / 10 / 2021

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 10938014

Last Known Address: 46 Bruntcliffe Road,, Morley,, , , LEEDS,, LS27 0QG

Conduct: On 4 May 2020 Kamaljit Hayre (“Mrs Hayre”) caused AA Sportswear Limited (“Sportswear”) to apply for a Bounce Back Loan (BBL) of £48,750 using overstated turnover figures in the loan application form. Consequently, Sportswear received more monies than it was entitled to from the BBL scheme. From the loan proceeds received, Mrs Hayre used £39,902 of those monies for her own personal benefit. In that:: • On 4 May 2020 the company obtained a BBL of £48,750 despite its turnover for the year to 31 August 2019 totalling only £63,391. A business could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of turnover in calendar year 2019. • The terms of the BBL stated that its intended purpose was to provide economic benefit to the business and not for personal purposes. Having received the BBL of £48,750 on 5 May 2020, Mrs Hayre used £39,902 for personal benefit between 11 May 2020 and 13 May 2020. • Sportswear ceased trading in December 2020 and on 9 February 2021 it entered into creditors’ voluntary liquidation with assets of £6 and liabilities of £51,213 including £48,750 which is owed to in respect of the BBL, and Mrs Hayre stated as being owed £924. 

This information is correct as at 7 / 10 / 2021

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