Case details for Waqar Hussain

Name: Waqar Hussain

Name: DARLASTON GLAZING & BUILDER LTD

Date of Birth: 24 / 11 / 1970

Date Order Starts: 21 / 6 / 2024

Disqualification Length: 10 years Years 0 Month(s)

CRO Number: 12230815

Last Known Address: 58 Hill Street, , , , WEDNESBURY, WS10 9LD

Conduct: Between 09 August 2020 and 13 October 2020 Mr Waqar Hussain (“Mr Hussain”) caused Darlaston Glazing & Builder Ltd (“DGB”) to breach the conditions of the Bounce Back Loan (“BBL”) scheme by not using £35,740 of a £50,000 BBL for the economic benefit of DGB. • Under the BBL scheme businesses were required to use the loan only to provide economic benefit to the business, and not for personal purposes. • DGB received a BBL of £50,000 on 07 August 2020. • Between 09 August 2020 and 13 October 2020, £23,000 of the BBL was transferred to Mr Hussain, £8,000 was issued via a cheque and £4,740 was withdrawn in cash. No evidence has been provided to demonstrate that these transactions were for the economic benefit of DGB. • Mr Hussain completed an application to dissolve DGB on 01 October 2020. DGB was dissolved on 12 January 2021 and the BBL of £50,000 remains outstanding. On 01 October 2020 Mr Hussain applied to have DGB dissolved at a time when the company was still trading, thereby breaching Section 1004 of the Companies Act 2006. • On 01 October 2020 Mr Hussain completed an application to dissolve DGB. • Section 1004 of the Companies Act 2006 states that a dissolution application should not be made where a company has traded or otherwise carried on business in the previous three months. • Analysis of DGB’s bank accounts shows that between 01 July 2020 and 24 October 2020, customer receipts totalling £5,220 were received into the accounts and business expenses totalling £9,937 were paid out of the accounts. On 01 October 2020 Mr Hussain applied to have DGB dissolved at a time when he knew or should have known that the company had outstanding debts and he failed to give notice of the dissolution to the relevant parties as required by Section 1006 of the Companies Act 2006. • On 01 October 2020 Mr Hussain completed an application to dissolve DGB. • Section 1006 of the Companies Act 2006 requires the company to notify all interested parties of their intention to be dissolved. • Mr Hussain failed to notify HM Revenue and Customs (“HMRC”) of his intention to dissolve DGB, which denied them the opportunity to object to this action. • At the time of the dissolution application, HMRC was owed at least £51,082 in respect of VAT. DGB was dissolved on 12 January 2021 and at least £51,082 remains outstanding to HMRC. 

This information is correct as at 21 / 11 / 2024



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