Case details for Hicham El Aarrouchi

Name: Hicham El Aarrouchi


Date of Birth: 5 / 1 / 1977

Date Order Starts: 16 / 5 / 2022

Disqualification Length: 8 Years 0 Month(s)

CRO Number: 10477676

Last Known Address: 140 Churchfield Road,, , , , LONDON,, W3 6BS

Conduct: Mr Hicham El Aarrouchi (“Mr El Aarrouchi”) caused Marrakech Halal Meat Ltd (“MHM”) to fraudulently apply for a Bounce Back Loan (“BBL”) by overstating MHM’s turnover in order to obtain funds of £50,000 when he knew or ought to have known that MHM was only entitled to a maximum of £8,764 based on estimated sales income for 2019. Out of the £50,000 obtained, at least £19,000 was used for his personal benefit. In that: MHM traded from November 2016 to June 2021 as meat retailers The BBL criteria allowed a business to borrow between £2,000 and up to 25% of the company turnover in the calendar year 2019, with a maximum loan of £50,000 for the purpose of a business carried on or intended to be carried on by the applicant; The BBL scheme states the company’s turnover figure, even if self-certified by the applicant with no checks or evidence required, cannot be over-estimated by more than 25% in order to obtain a larger loan; Bank statements show that MHM’s income for this period from 02 January 2019 to 20 December 2019 to be circa £35,054; On 15 August 2020, Mr El Aarrouchi applied for a BBL of £50,000 for MHM stating the turnover as £200,000 on the application form; On 17 August 2020, BBL funds of £50,000 were paid into MHM’s bank account. MHM was entitled to a maximum of £8,764; On 18 August 2020, £19,000 was transferred to Mr El Aarrouchi’s personal account and £6,000 was transferred to the company secretary; On 20 August 2020, £19,990 was transferred to an unidentified account; Inadequate records have been delivered up to the Liquidator so does not explain how these payments benefitted MHM; At Liquidation, MHM’s liabilities totalling £89,150 remained outstanding of which £50,000 was in respect of the BBL. 

This information is correct as at 25 / 4 / 2022

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