EXCEL SURGICAL SOURCES LIMITED

SHAZREH AFZAL

April 1992

Disqualified from being a director because of their conduct for the period of

10 Years 0 Month(s)

Disqualification starts from

11 August 2023

Improper conduct which resulted in their disqualification

Shazreh Afzal (“Ms Afzal”) caused Excel Surgical Sources Limited (“ESSL”) to apply for a Bounce Back Loan (“BBL”) of £50,000 using overstated turnover figures, which resulted in ESSL obtaining a BBL that it was not entitled to in breach of the BBL terms and conditions. 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 1 January 2019 it is their estimated turnover. A company was eligible to apply if it was established and operating before 01 March 2020. ESSL was incorporated on 25 April 2017 and commenced trading in January 2020. Ms Afzal stated that the company was seeking contracts from January 2020 onwards. Dormant accounts for the years ending 30 April 2018, 2019, and 2020 were listed as being approved by Ms Afzal as sole director on 7 February 2019, 28 February 2020 and 30 April 2021 respectively. On 14 July 2020 Ms Afzal applied for a BBL of £50,000 on behalf of ESSL declaring that its estimated turnover was £255,000. During the 3 months prior to the receipt of the BBL, ESSL received sales income amounting to £475, meaning that the turnover declared on the BBL application was overstated. ESSL received the BBL funds of £50,000 on 14 July 2020 ESSL was placed in Creditor’s Voluntary Liquidation on 31 May 2022. Total liabilities at liquidation amount to £50,700 of which £50,000 relates to the amount owed in respect of the BBL.