Name: Bhaye Naushad Ruhomutally

Name: Raz Group Ltd

Date of Birth: 6 / 6 / 1965

Date Order Starts: 28 / 10 / 2026

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 09239565

Last Known Address: 28 Haileybury Avenue, , , , , ENFIELD,, EN1 1JJ

Conduct: On 17 May 2020, Bhaye Naushad Ruhomutally (“Mr Ruhomutally”) caused Raz Group Ltd (“Raz”) to fraudulently obtain a government-backed Bounce Back Loan (“BBL”) of £40,000 when he knew, or ought to have known, that Raz was not eligible for any loan under the terms of the BBL Scheme, in that: • Under the BBL scheme a business was able to borrow up to 25% of its turnover in calendar year 2019, up to a maximum of £50,000 and, if the business was established after 1 January 2019, it was to apply the 25% limit to its estimated annual turnover from the date it started. • To be eligible to apply for the BBL, the company had to be carrying on its business on 1 March 2020 and engaged in trading or commercial in the United Kingdom at the date of the application. • Raz was incorporated on 29 September 2014. • On 11 September 2020, Mr Ruhomutally applied for a BBL of £40,000 on behalf of Raz, stating in the loan application that Raz’s relevant turnover was £160,000 and declared that Raz was carrying on its business on 1 March 2020. • The company was not eligible for a BBL of any amount as: o Dormant accounts were submitted to Companies House from the Years Ended 30 September 2015 up to and including 30 September 2020; each of these were signed by Mr Ruhomutally. o The company bank account mandate is dated 12 June 2020 o The first entry on the bank statements is 10 July 2020 • On 14 October 2020, funds of £40,000 were credited to Raz’s bank account. • Raz therefore received BBL funds of £40,000 more than it was entitled to. • Between 3 November 2020 and 25 May 2021, funds of at least £40,000 were transferred from Raz’s bank account to an unknow account and no documentary evidence to show that this transfer provided an economic benefit to the business that applied for the BBL has been provided. • At the date of the Liquidation on 11 February 2025, the Statement of Affairs shows that total liabilities amounted to £244,202 of which £34,000 was in respect of the BBL. 

This information is correct as at 7 / 10 / 2026

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