Case details for Hamza Loutfi

Name: Hamza Loutfi


Date of Birth: 6 / 7 / 1989

Date Order Starts: 6 / 11 / 2023

Disqualification Length: 12 Years 0 Month(s)

CRO Number: 12206188

Last Known Address: 19 Hebdon Road, , , , London, SW17 7NP

Conduct: Mr Hamza Loufti (‘Mr Loufti’) caused UK Kitchens Pro Fitters Limited (“UKPF”) to apply for and obtain three government backed Bounce Back Loans (“BBLs”) totalling £80,000 and one BBL top up of £3,750 contrary to the terms of the BBL Scheme. No evidence has been provided that the funds were used in the entirety for the economic benefit of the company as required: In that: • A Company was entitled to apply for one BBL of up to 25% of its 2019 turnover up to a maximum of £50,000 under the BBL scheme. • Mr Loutfi applied for a BBL of £15,000 with Bank A (BBL1) on 06 May 2020, stating that UKPF had a turnover of £75,000. In this application, he declared “I/We confirm that my/our business was carrying on its business on 1 March 2020, that I was/we were engaged in trading or commercial activity in the United Kingdom as at the date of this application”. • BBL1 funds of £15,000 were received into UKPF’s bank account on 11 May 2020. This was the first transaction on the account with Bank A. • Mr Loutfi applied for a second BBL (BBL2) with Bank B on or before 28 May 2020, stating that UKPF had turnover of £75,000. £15,000 was received into the account with Bank B on 28 May 2020, this was the first transaction in this bank account. • On 13 July 2020 Mr Loutfi applied for a third BBL of £50,000 with Bank C (BBL3), he stated that UKPF had a turnover of £200,000 on the application with Bank C. • BBL3 funds of £50,000 from Bank C was paid into UKPF’s bank account on 26 July 2020. Prior to this, the account had a balance of £33.65 as £50 had been paid into the account by Mr Loutfi. • In both the BBL2 and BBL3 applications, Mr Loutfi declared UKPF had not previously received, nor was it applying for, another BBL. • On 16 November 2020, a BBL top up of £3,750 was received in the account with Bank A. • Analysis of each of UKPF’s bank accounts prior to receipt of the BBLs show no trading income was evident in any of the bank accounts. • There is no evidence to suggest UKPF was trading at 1 March 2020, and therefore the Company was not eligible for BBL1, nor was it entitled to a top up payment. • Obtaining multiple BBLs is against the terms of the BBL Scheme, and the Company was not entitled to BBL2 or BBL3. • In the application to Bank A Mr Loutfi signed on 06 May 2020, he declared “I/We undertake to use the credit granted on the basis of this agreement only provide economic benefit to my/our business, for example, providing working capital or investing in my/our business. I also confirm that the Bounce Back Loan will be used wholly for business purposes and not personal purposes.” • The Bank A loan was received on 11 May 2020. In the period following, up to and including 26 May 2020, £5,950 was transferred to Mr Loutfi. On 12 May 2020, he caused £5,000 to be transferred to an unknown bank account. • BBL2 was paid into the account with Bank B on 28 May 2020, it was the first transaction on the account, no further money was paid into the account. Of the £15,000, £10,940 was transferred to Mr Loutfi’s personal account. • On 26 July 2020, BBL3 of £50,000 was paid into the account with Bank C. Prior to this, the balance was £33.65. No trading income was received into the account following receipt of the BBL. £22,695 was transferred directly to Mr Loutfi, and £3,761.26 was taken out in cash. Further non trading payments were made, including £6,927.16 in payments to retailers and £447.17 to restaurants. • No financial statements were produced for UKPF from incorporation until liquidation. • No invoices, receipts or other form of vouching have been delivered in support of any of UKPF’s trading activities. 

This information is correct as at 17 / 10 / 2023

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