Name: Saif Ud Deen HUSSAIN

Name: Saif Deals Ltd

Date of Birth: 10 / 1 / 1999

Date Order Starts: 27 / 1 / 2026

Disqualification Length: 7 Years 0 Month(s)

CRO Number: 12141796

Last Known Address: 1 Marlborough Drive,, Fulwood,, , , PRESTON,, PR2 9UE

Conduct: Mr Saif Ud Deen Hussain (“Mr Hussain”) caused Saif Deals Ltd (“Saif Deals”) to breach the terms and conditions of the Bounce Back Loan (“BBL”) scheme by overestimating its turnover on the BBL application, as a result Saif Deals received more funds 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 up to 25% of turnover. The turnover figure was self-certified by the applicant.   • Businesses established after 01 January 2019 should have applied the 25% limit to its estimated annual turnover from the date the business was started.    • Saif Deals was incorporated on 06 August 2019.  • Saif Deals’ bank statements show its first trade receipt on 07 September 2019. Saif Deals was therefore entitled to provide an estimate of its annual turnover from the date it commenced to trade. • On 22 June 2020, Mr Hussain applied for a BBL of £50,000 on behalf of Saif Deals declaring that its estimated turnover was £200,000. Saif Deals received the £50,000 BBL on 13 October 2020. • Saif Deals filed accounts for the first 13 months of trade to 31 August 2020 which showed turnover of £33,295. • Saif Deals’ bank statements for the first 13 months of trade to 31 August 2020 show receipts of £34,039.86, of which £30,403.26 is presumed trading income. • Saif Deals’ bank statements for the period 07 September 2019 up to the date of the BBL application show receipts of £32,868.66 of which £30,403.26 is presumed trading income. Based on this figure, an estimate of the turnover received into its bank account during the first 12 months of trade would be £38,60.23 and Saif Deals would have been entitled to apply for a BBL of £9,640.06. Therefore, Saif Deals has received BBL funds of £40,359.94 that it was not entitled to.   • On 05 April 2023, Saif Deals entered Creditor’s Voluntary Liquidation with total liabilities of £39,256.36, of which £32,256.36 was owed in respect of the BBL. 

This information is correct as at 7 / 1 / 2026

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