Case details for Manjot Sangha

Name: Manjot Sangha

Name: Domewood Properties Ltd

Date of Birth: / /

Date Order Starts: 13 / 12 / 2024

Disqualification Length: 6 years Years 0 Month(s)

CRO Number: 12115688

Last Known Address: Thorsfield , Haroldslea Drive,, , , , HORLEY,, RH6 9PH

Conduct: Between 20 January 2021 and 21 February 2021, Manjot Singh Sangha (“Mr Sangha”) caused Domewood Properties Limited (“The Company”) to misuse £40,000 the bounce back loan funds it obtained on 20 May 2020, in breach of the terms of the scheme, in that: • The BBL Scheme was open to most businesses who met the eligibility criteria and who were established on or before 1 March 2020. The application form required confirmation that loan funds will be used only to provide economic benefit to the business, and not for personal purposes. • On 20 January 2021, Mr Sangha transferred £10,000 to his personal account. • On 30 January 2021, Mr Sangha transferred £20,000 to his personal account. • On 21 February 2021, Mr Sangha transferred £10,000 to his personal account. • Mr Sangha provided a contract of employment, commencing 01 August 2019 which showed his remuneration as £2,000 per month. He advised that the first 2 withdrawals were made in respect of unpaid remuneration between August 2019 and January 2021 and the last withdrawal was in respect of future remuneration. • The accounts for the accounting period ending 31 July 2020 do not show Mr Sangha as a creditor for unpaid salary. • On 08 September 2024, Mr Sangha stated that no loans were made between the company and himself. • When the company went into liquidation £35,000 remained outstanding in respect of the BBL. 

This information is correct as at 22 / 11 / 2024



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