Name: RIYONN MOHAMMAD FARSAD

Name: Middle Eastern Kitchen Ltd

Date of Birth: 15 / 6 / 1988

Date Order Starts: 26 / 10 / 2022

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 11937729

Last Known Address: 106 Gosberton Road, , , , LONDON, SW12 8LQ

Conduct: On 9 July 2020 and 21 August 2020 Riyonn Mohammed Farad (“Mr Farsad”) caused Middle Eastern Kitchen Ltd (“MEK”) to make false representations about the company’s turnover in two separate applications for Government backed Bounce Back Loans (“BBL”) totalling £50,000 which the company was not entitled to apply for and failed to use the BBL funds for the economic benefit of the company, in that: • Under the Bounce Back Loan scheme businesses could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of turnover. The turnover figure was self-certified by the applicant. 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. To be eligible, businesses were required to be engaged in trading or commercial activity in the UK at the date of the application, carrying on business on 1 March 2020 and be adversely impacted by coronavirus. Only one loan was available to businesses. • MEK was incorporated on 10 April 2019. • Financial accounts for year ending 30 April 2020 show no trading activity took place. • The company bank accounts show that transactions commenced in July 2020. • He made a BBL application of £25,000 on behalf of MEK on 9 July 2020 declaring that the company was carrying on business on 1 March 2020, its turnover was £100,000 and at the time the application was made, MEK was engaged in trading or commercial activity and was adversely impacted by Covid 19. • On 10 July 2020 the first bounce back loan funds of £25,000 were credited to the company bank account. • Within 18 days of the BBL funds being received by MEK payments totalling £13,331 were made to him, and further payments of £1,811 were made that did not provide economic benefit to MEK • He made a second BBL application of £25,000 on behalf of MEK on 21 August 2020 declaring that the company turnover was £100,000, it was carrying on business on 1 March 2020,at the time the application was made MEK was engaged in trading or commercial activity, was adversely impacted by Covid 19 and had not obtained any other BBL. • On 25 August 2020 the second bounce back loan funds of £25,000 were credited to the company bank account. • Between 25 August 2020 to 30 November 2021, payments totalling £15,249 were made to him. • Total liabilities at liquidation amount to £60,283 which include debts of £50,000 in respect of BBL, £10,000 to him and £283 to trade expenses. 

This information is correct as at 6 / 10 / 2022

If you believe this page contains any errors, please email legalservices@insolvency.gov.uk with details of the error that you have found.