Case details for SUMAIYA ADAM

Name: SUMAIYA ADAM

Name: KGNFonFix Ltd

Date of Birth: 19 / 1 / 1983

Date Order Starts: 7 / 11 / 2023

Disqualification Length: 7 Years 0 Month(s)

CRO Number: 11982247

Last Known Address: 57 MEDWAY STREET, , , , LEICESTER, LE2 1BR

Conduct: Sumaiya Adam (“Mrs Adam”) caused KGNFonFix Ltd (“The Company”) to fail to use the whole of a Government-backed Bounce Back Loan (“BBL”) for the economic benefit of the company, contrary to the terms and conditions of the scheme. In that: • Mrs Adam signed the BBL application on 20 May 2020, which included the declaration, “I/We undertake to use the credit granted on the basis of this agreement only to provide economic benefit to my/our business, for example providing working capital, or investing in my/our business. I/We also confirm that the Bounce Bank Loan will be used wholly for business purposes and not personal purposes.” • The Company received the BBL totalling £25,000 into its bank account on 22 May 2020 • On 26 and 28 May 2020, £14,000 was paid “Ref: Business Payments” to a member of Mrs Adam’s family. • Prior to receipt of the BBL, the Company’s bank balance was £782. Therefore, of the £14,000 paid to the family member, at least £13,218 was funded from the BBL proceeds. . • At least £22,000 of the BBL remained outstanding at Liquidation 

This information is correct as at 18 / 10 / 2023



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