A woman who abused a bounce back loan intended to aid businesses in the coronavirus crisis was banned from running a business for more than a decade.
Shamaila Zaffar, whose last address was on Captains Clough Road, was the director of Baker Green Ltd when it went into liquidation a year and a half ago.
In July 2020, according to the Insolvency Service, the business applied for a bounce back loan of £45,000 based on a turnover the previous year of £185,000. It received the sum the same month.
But in reality, the turnover the previous year was 100 times less than this at around £1,850, the Insolvency Service said.
Mrs Zaffar said the discrepancy was due to a compensation claim owed by another company which she never received. However, she should have been aware of this at the time of the application.
Baker Green Ltd went into liquidation around a year and a half ago with no repayments made on the bounce back loan.
After an investigation, Mrs Zaffar was banned from running a business for more than a decade starting at the end of last month.
This article was written by Jack Tooth. To contact him, email email@example.com or follow @JTRTooth on Twitter.