Name: Randeep Singh Jandu

Name: INDIGO NORTH BERWICK LTD

Date of Birth: 11 / 12 / 1982

Date Order Starts: 16 / 4 / 2024

Disqualification Length: 10 Years 0 Month(s)

CRO Number: SC602481

Last Known Address: 67 Hays Walk, , , , HADDINGTON, EH41 3EH

Conduct: On 10 November 2020 Randeep Singh Jandu (Mr Jandu) caused Indigo North Berwick Limited (INB) to apply for a Bounce Back Loan Top up (BBL) of £20,000 using overstated turnover figures in the application form and as a result INB has received BBL funds that it was not entitled to, in that: A business could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of turnover in calendar year 2019, or where a business was established/trading after 1 January 2019 it is their estimated turnover. INB was incorporated on 13 July 2018 and began trading in January 2019. Mr Jandu applied for and obtained an initial BBL of £30,000 and on 10 November 2020 a Top Up Loan of £20,000 and stated the annual turnover for INB was £250,000. On 5 May 2020 a BBL of £30,000 and on 12 November 2020 a Top Up Loan of £20,000 were paid into the company Business Account. The company accounts at Year Ended 31 July 2019, which covers period from 13 July 2018 to 31 July 2019 includes Turnover figure for period at £71,603. The company bank statements for period 7 February 2019 to 31 December 2019 disclose trade income of approximately £123,086. No allegation is made for the first BBL as it is within 25% of turnover in calendar year 2019. On 26 October 2022, INB entered Creditors Voluntary Liquidation with known liabilities of £47,872 of which £43,689 is owed in respect of the BBL. 

This information is correct as at 27 / 3 / 2024

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