ZUNAIR KLER LIMITED

Zunair KLER

May 1994

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

10 Years 0 Month(s)

Disqualification starts from

26 July 2024

Improper conduct which resulted in their disqualification

Mr Zunair Kler (“Mr Kler”) breached the terms of the Bounce Back Loan (“BBL”) scheme by causing Zunair Kler Limited (“ZK”) to overstate its turnover on its application for a BBL, resulting in the company receiving a BBL of £50,000 when he knew, or ought to have known, that ZK was not eligible for a loan of that amount, in that: The BBL scheme terms allowed businesses to receive a loan of up to 25% of their annual turnover for the 2019 calendar year, which the applicant would self-certify when completing the BBL application.?? If a company was established after 01 January 2019, they were allowed to estimate the company turnover from the date the company started to trade. ZK was incorporated on 03 May 2017.? Mr Kler declared on the company’s BBL application form an annual turnover of £215,000 for the 2019 calendar year, and consequently on 22 June 2020 ZK received a £50,000 BBL. Annual accounts for FYE 31 May 2019 show the company achieved a turnover of £28,801 and annual accounts for FYE 31 May 2020 show the company achieved a turnover of £33,140. Bank statements for the period 01 January 2019 to 31 December 2019 show total receipts of £32,673.71. This would have meant that the company was eligible to apply for a BBL of up to £8,169. The overstatement of turnover totalling £182,326 meant that ZK received £41,831 more than it was entitled to from the BBL scheme. At liquidation, ZK had liabilities totalling £76,795, of which £51,234 was owed to the bank in respect of the BBL.?