Name: Shahab UDDIN

Name: East Finchley Combat Academy LLP

Date of Birth: 30 / 11 / 1978

Date Order Starts: 21 / 3 / 2024

Disqualification Length: 10 Years 0 Month(s)

CRO Number: OC375390

Last Known Address: 50 Aycliffe Road,, , , , BOREHAMWOOD,, WD6 4JW

Conduct: On 6 June 2020, Shahab Uddin (“Mr Uddin”) caused East Finchley Combat Academy LLP (“EFCA”) to apply for a Bounce Back Loan (“BBL”) of £50,000 using an overstated turnover figure, causing EFCA to receive at least £31,623.82 more than it was entitled to. Mr Uddin also transferred the BBL funds of £50,000 for purposes that did not provide economic benefit to EFCA 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 its 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 is their estimated turnover. EFCA was incorporated on 21 May 2012. ECFA’s accounts for the period ending 31 March 2019, record turnover for the trading period as £69,673. ECFA’s accounts for the subsequent period ending 31 March 2020, record turnover for the trading period as £72,088. This is consistent with EFCA’s tax return for the period ending 5 April 2020, which records turnover as £72,088. EFCA’s bank account records credits into the account for the period 01 January 2019 to 31 December 2019 as £73,504.72 On 6 June 2020, Mr Uddin applied for a BBL of £50,000 on behalf of EFCA declaring that its turnover for the calendar year 2019 was £200,000. By making an application to borrow £50,000, Mr Uddin caused EFCA to receive a BBL of at least £31,623.82 more than it was entitled to. On 10 June 2020, EFCA received the BBL funds of £50,000 into its bank account. Between 11 June 2020 and 16 June 2020 sums totalling £50,000 were transferred from the company bank account. The transactions did not provide economic benefit to EFCA. EFCA made repayments of £11,535.81 towards the BBL. ECFA entered into Creditors Voluntary liquidation on 19 August 2022. Total liabilities at liquidation amounted to £45,500 of which £45,000 was the amount owed in respect of the BBL. 

This information is correct as at 4 / 3 / 2024

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