Case details for KHURSHEED MOHAMMED KADIR

Name: KHURSHEED MOHAMMED KADIR

Name: BIEDRONKA POLISH LIMITED

Date of Birth: 10 / 5 / 1975

Date Order Starts: 22 / 11 / 2023

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 10789728

Last Known Address: 4 Ludgate Close,, Tividale,, , , OLDBURY,, B69 1NY

Conduct: Khursheed Mohammed Kadir (“Mr Kadir”) caused Biedronka Polish Ltd (“Biedronka”) to breach the terms and conditions of the Bounce Back Loan (“BBL”) scheme by applying for a BBL of £50,000 when he knew or ought to have known that Biedronka was not eligible for the full amount of the loan, with £50,000 of the funds being used for the benefit of Mr Kadir and not for the economic benefit of Biedronka, resulting in a loss to the bank of £50,000, in that: • Under the BBL scheme the applicant must be carrying on business on 1 March 2020 at the time of the BBL application and had to self-certify that they will use the loan only to provide economic benefit to the business and not for personal use. The turnover figure required was that for the calendar year 2019 or where a business was established after 1 January 2019 it is their estimated turnover. Applicants were required to confirm they have understood the costs associated with repayment of the loan and that they are able and intend to complete timely repayments in future. • Biedronka was incorporated on 25 May 2017 • On 30 May 2020 Mr Kadir made an application for a BBL. A declaration was made that Biedronka met the eligibility criteria for the loan. The turnover declared on the application form for 2019 was £250,000. • Bank statements for Biedronka show the total credits into Biedronka’s bank account in 2019 total £179,000. This meant the maximum Biedronka was entitled to was £44,750. • On 01 June 2020 the BBL of £50,000 was paid into Biedronka’s bank account. • On 02 June 2020 £2,000 of the BBL funds were transferred to a bank account referenced K M KADIR HAPPY. • On 01 July 2020 £17,463 of the BBL funds were transferred to a bank account referenced K M KADIR HAPPY. • On 03 July Mr Kadir completed and signed an ‘Application to Strike Off a Company’ notice (DS01) at Companies House • On 24 July 2020 £10,000 was transferred to a bank account, under the same reference, K M KADIR HAPPY. • On 27 July 2020 £48,000 was transferred to a bank account, under the same reference K M KADIR HAPPY. • No evidence has been supplied to show that the £50,000 BBL funds were used for the economic benefit of Biedronka. • On 20 October 2020 Biedronka was dissolved and £50,000 of the BBL remains outstanding. 

This information is correct as at 7 / 11 / 2023



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