MR AMMAD BABER

Disqualified from

2026-05-28

Date of birth on record

April 1981

On 22 March 2021, I caused Emaad 1 Ltd (“Emaad”) to make a Bounce Back Loan (“BBL”) application of £50,000 when I knew or ought to have known that Emaad was not entitled to a loan of that amount. I made a wrongful declaration on the BBL application using an inaccurate turnover figure of £200,000. As a result, Emaad received more BBL funds than it was eligible for, in that: ? Under the BBL scheme rules, a company was eligible for a BBL of 25% of its 2019 calendar year turnover, up to a maximum of £50,000. When making an application for a BBL, an applicant had to self-certify the company’s 2019 calendar year turnover. Where a company was established after 01 January 2019, the applicant was entitled to estimate its annual turnover from the date the business started. ? Emaad was incorporated on 27 February 2015, I was appointed as the sole director from 05 September 2017 until liquidation. ? Due to Emaad already trading prior to 01 January 2019, I was required to provide the actual turnover for the calendar year of 2019 in the BBL application. ? Accounts for the year ending 27 February 2020 record turnover of £90,517. Accounts for the year ending 27 February 2021 record turnover £115,621. ? On 23 March 2021, I applied for a BBL on behalf of Emaad in the sum of £50,000 having stated that Emaad’s turnover was £200,000. ? On 23 March 2021, Emaad received a BBL of £50,000. ? Total liabilities at Liquidation amount to £163,425, of which at least £48,261 relates to the amount owed in respect of the BBL. Zis 21 Ltd (“Zis”) On 25 September 2020, I caused ZIS 21 Ltd (“ZIS”) to make a Bounce Back Loan (“BBL”) application of £50,000 whenI knew or ought to have known that ZIS was not entitled to a loan. I made a wrongful declaration on the BBL application using an inaccurate turnover figure of £200,000. As a result, ZIS received BBL funds that it was not eligible for, in that: ? Under the BBL scheme rules, a company was eligible for a BBL of 25% of its 2019 calendar year turnover, up to a maximum of £50,000. When making an application for a BBL, an applicant had to self-certify the company’s 2019 calendar year turnover. Where a company was established after 01 January 2019, the applicant was entitled to estimate its annual turnover from the date the business started. ? ZIS was incorporated on 17 May 2018, I was appointed as the sole director from 17 May 2018 until liquidation. ? Due to ZIS already trading prior to 01 January 2019, I was required to provide the actual turnover for the calendar year of 2019 in the BBL application. ? Bank statements for the calendar year of 2019 show a total income of £71,580. This included inter-company loans of £59,239 and £8,376 of VAT repayments from HMRC. Based on this, ZIS was not entitled to BBL as the minimum turnover required to qualify for a BBL was £8,000. ? On 11 August 2020, I applied for a BBL on behalf of ZIS. I stated on the application form that ZIS had a turnover of £200,000. ? On 07 October 2020, ZIS received a BBL of £50,000. Prior to receipt of the BBL proceeds, the bank account was £265 in credit. Page 4 of 4 ? Total liabilities at Liquidation amount to £378,363, of which at least £49,219 relates to the amount owed in respect of the BBL.