Case details for Abdul Monnan

Name: Abdul Monnan


Date of Birth: 27 / 6 / 1973

Date Order Starts: 5 / 4 / 2022

Disqualification Length: 8 Years 0 Month(s)

CRO Number: 11954814

Last Known Address: 35 Roland Road,, , , , BIRMINGHAM,, B19 1RT

Conduct: Abdul Monnan caused Grillz Khana Limited (“Grillz”) to breach the terms & conditions of the Bounce Back Loan (BBL) Scheme by applying in May 2020 for a Bounce Back Loan of £50,000 when he knew or ought to have known that Grillz was only eligible for a loan to a maximum of £19,888. based on the company’s turnover. Furthermore, Abdul Monnan has failed to provide accounting records evidencing that the BBL funds were used for the economic benefit of Grillz, which was a requirement of the BBL scheme, in that: The company was incorporated on 18 April 2019 and started trading in May 2019 The BBL criteria allowed a business to borrow between £2,000.00 and up to 25% of the company turnover (up to a maximum of a £50,000.00 loan). Based on the year ending 30 April 2020 accounts, the company turnover was stated as £79,553. meaning Grillz was eligible to borrow 25% of the turnover which is a maximum of £19,888. The annual accounts filed at Companies House on 14 April 2021 was signed off by Abdul Monnan on 30 April 2020. On 7 May 2020, Abdul Monnan applied for a BBL of £50,000 on behalf of Grillz. In the application form, Mr Monnan declared that Grillz’s up to date annual turnover was £200,000. On 11 May 2020, a £50,000. BBL was paid into the company bank account On 13 May 2020 a cash withdrawal of £60,000. was made from the company bank account . No supporting documentation has been delivered up by Abdul Monnan to explain the reason behind this payment, No records explaining the use of this cash withdrawal has been delivered up. At the date of the Liquidation on 06 July 2021, a total of £57,751.was owed to creditors, of which £50,000. was owed to the bank relating to the BBL and £7,751.00 claimed by the director. 

This information is correct as at 15 / 3 / 2022

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