Jonathan Sayeed is facing a two week suspension from the House of Commons.

The Conservative MP for Mid Bedfordshire was rebuked by the standards and privileges committee on Thursday following a complaint over his links to a company that organised tours of parliament.

He had a 30 per cent shareholding in English Manner Limited, whose role included providing assistance to US tourists during their visits to he Britain.

Sayeed said that when he was entertaining English Manner's clients in the Palace of Westminster it was in a personal capacity because at least one member of each group was a personal friend.

"We accept... that there is no evidence that Mr Sayeed received any direct financial benefit from any of the occasions on which he entertained in the House guests who had links with the English Manner Limited," said the committee's report.

But it said that "in principle, Mr Sayeed stands to gain financially from the benefits that accrued to the English Manner Limited from clients, and others connected with it, visiting the House".

It was also found that the MP "failed to register certain overseas visits made on behalf of the English Manner Limited within the prescribed time limit".

"Taken together, Mr Sayeed's conduct has fallen well below the standards the House expects, and risked damaging its reputation," the report added.

"He has himself acknowledged that 'I did not exercise sufficient personal control over a company in which I have an interest'.

"We consider that he should apologise to the House and we recommend that he be suspended from its service for a period of two weeks."

In a statement issued following the ruling, Sayeed said that the "decision to impose a penalty of such severity on me is wrong, unjust and contrary to the evidence".

"I have never used my access to the House or its facilities for commercial gain, neither has the English Manner," he said.

"It has never charged any client any amount at any time for access to the Palace of Westminster.

"I have never solicited or received any payment for any tour or entertainment within the Palace of Westminster."