Case details for Tariq Smart

Name: Tariq Smart

Name: TS CONSTRUCTION ENTERPRISE LTD

Date of Birth: 7 / 3 / 1996

Date Order Starts: 2 / 1 / 2025

Disqualification Length: 10 years Years 0 Month(s)

CRO Number: 12285356

Last Known Address: 13 Bentworth Road, , , , LONDON, W12 7AA

Conduct: Tariq Smart (“Mr Smart”) breached the terms of the Bounce Back Scheme by causing TS Construction Enterprise Ltd (“TSCE”) to overstate its turnover on its application for a Bounce Back Loan (“BBL”), resulting in TSCE receiving a BBL of £50,000 which was in excess of the amount TSCE was entitled. 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. The turnover figure required was that for the calendar year 2019 or where a business was established after 01 January 2019 it was their estimated annual turnover from the date the business started. • TSCE was incorporated on 28 October 2019 and began trading immediately, providing the director’s services, under a contract which the director already held. As a result of the date TSCE commenced trading, it was entitled to use an estimate of turnover for the purposes of a BBL application. • Statements for TSCE bank accounts show that the last time trading income was received was on 21 August 2020. • TSCE’s annual accounts for the period ended 31 October 2020 show that TSCE achieved a turnover of £14,672 between 28 October 2019 and 31 October 2020. • On 1 November 2020 Mr Smart made an application for a £50,000 BBL, which would require an estimated turnover of at least £200,000. • The £50,000 BBL was received into the company bank account on 3 November 2020. • At liquidation the company owed £56,129, of which £51,143 was owed in respect of the BBL. 

This information is correct as at 17 / 12 / 2024



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