Case details for Mohammad Moinul ISLAM

Name: Mohammad Moinul ISLAM


Date of Birth: 8 / 12 / 1987

Date Order Starts: 10 / 6 / 2022

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 11241762

Last Known Address: 118 Harewood Street,, , , , BRADFORD,, BD3 9DN

Conduct: On 02 June 2020 Mr Mohammad Moinul Islam caused Rice N Spice (Wakefield) Limited (“the Company”) to apply for a government backed Bounce Back Loan (“BBL”) of £27,500 and following receipt of the BBL on 11 June 2020, he failed to use it in its entirety for the economic benefit of the company, contrary to the terms of the BBL. In that: Accounts in the year to 31 March 2020 show losses of £35,621 and net liabilities of £48,852. Mr Islam stated that the company had struggled financially since it had started trading in March 2018 On 02 June 2020, Mr Islam applied for a BBL of £27,500. On 11 June 2020 the sum of £27,500, being the BBL, was paid into the Company bank account. Within the BBL application Mr Islam declared that the BBL would be used to provide economic benefit to the business. Mr Islam states that £17,600 of the BBL was used to refurbish the bathrooms and for a feature wall in the restaurant. Invoices addressed to the Company dated 06 July 2020 and 13 July 2020 for £7,760 and £10,000 respectively show when the work was carried out. Mr Islam approached the liquidator on 15 July 2020, two days after the final invoice was issued, and instructed them to put the company into liquidation. The second invoice is marked paid on 13 July 2020, however the bank statements show £10,000 withdrawn in cash on 15 July 2020. The licence to assign the lease dated 16 April 2018 shows that the lease was assigned to Mr Islam personally, meaning the company was under no obligation to fund the works and that Mr Islam could continue to benefit from the refurbishments carried out using the BBL once the company stopped trading. Mr Islam asserts that the Company ceased to trade on 23 August 2020. At liquidation on 29 October 2020, the Company owed its creditors £81,927.88 including the £27,500 of the BBL which remains unpaid. 

This information is correct as at 20 / 5 / 2022

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