Name: Shahid Azam Spall  Begum

Name: Axe Traders(UK) Ltd

Date of Birth: 16 / 11 / 1971

Date Order Starts: 28 / 8 / 2025

Disqualification Length: 9 Years Years 0 Month(s)

CRO Number: 10972221

Last Known Address: 1a Cardinal Way,, , , , RAINHAM,, RM13 9RB

Conduct: On the 22 March 2021, Shahid Azam Spall Begum (“Mr Begum”) caused Axe Traders(UK) Ltd (“Axe Traders”) to apply for a Bounce Back Loan (“BBL”) top-up amount of £37,000 using an overstated turnover figure, having previously applied for an initial BBL of £13,000 on 28 May 2020, resulting in the company receiving more BBL funds than it was entitled to. In that: • Under the BBL scheme businesses could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of turnover. The turnover figure required was that for the calendar year 2019 or where a business was established after 01 January 2019, it was 25% of the estimated annual turnover from the date the business started. • A borrower could apply for a top-up that was for the lesser of £50,000 or 25% of the annual turnover the borrower certified in their original successful BBL application form, minus the value of the original loan. • Axe Traders was incorporated on 20 September 2017 and began trading shortly after. • On 28 May 2020 Mr Begum applied for a BBL of £13,000 on behalf of Axe Traders declaring that its turnover for the calendar year 2019 was £480,000. • On 22 March 2021 Mr Begum applied for a BBL top-up of £37,000 which relied upon the same declaration of turnover as that declared in the initial BBL application. • Axe Traders’ accounts dated 30 September 2019 show turnover of £39,046. • Axe Traders’ accounts dated 30 September 2020 show turnover of £44,769. • Axe Traders received the BBL funds of £13,000 on 1 June 2020. • Axe Traders received the BBL top-up funds of £37,000 on 23 March 2021. • Total liabilities at liquidation amount to at least £61,604 of which £49,358 relates to the BBL. 

This information is correct as at 11 / 8 / 2025

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