Case details for Jon Kal Boss

Name: Jon Kal Boss

Name: ACM (NE) Limited

Date of Birth: 2 / 1 / 1973

Date Order Starts: 13 / 12 / 2024

Disqualification Length: 11 years Years 0 Month(s)

CRO Number: 07418860

Last Known Address: 4 Foxton Way,, High Shincliffe,, , , DURHAM,, DH1 2PJ

Conduct: ACM (NE) Ltd Mr Jon Kal Boss also known as John Kal Mohammed (“Mr Boss”) caused ACM (NE) Ltd (“ACM”) to breach the terms and conditions of the Bounce Back Loan (“BBL”) scheme by overstating its turnover on the BBL application, as a result ACM received more funds than it was entitled to from the BBL scheme. Furthermore, Mr Boss caused ACM to expend the £50,000 BBL funds for purposes that did not provide economic benefit to ACM. In that:    • Under the BBL 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.     • ACM was incorporated on 26 October 2010.  • On 15 July 2020, Mr Boss applied for a BBL of £50,000 on behalf of ACM declaring that its turnover for the calendar year 2019 was £250,000. • ACM filed accounts for the periods ending 31 October 2019 and 31 October 2020 which showed turnover of £3,299 and nil respectively. • ACM’s bank statements show receipts totalling £3,307.53 in the calendar year 2019. Of this amount, £3,300 is presumed turnover. Based on this, ACM would not have been entitled to apply for a BBL as the minimum turnover required under the BBL scheme was £8,000. Therefore, ACM has received BBL funds of £50,000 that it was not entitled to. • ACM received the BBL funds of £50,000 on 17 July 2020.   • Mr Boss caused ACM to expend the £50,000 funds for purposes that did not provide economic benefit to ACM including: • Paying third parties £39,350 between 02 November 2020 and 09 June 2021. • Withdrawing £3,750 cash between 02 and 11 February 2021. • Paying £6,500 to an optician between 11 and 15 March 2021. • On 02 September 2022, ACM entered Creditor’s Voluntary Liquidation with total liabilities of £75,253 of which £50,000 was owed in respect of the BBL. NE Hire Ltd Mr Jon Kal Boss also known as John Kal Mohammed (“Mr Boss”) caused NE Hire Ltd (“NE Hire”) to breach the terms and conditions of the Bounce Back Loan (“BBL”) scheme by overstating its turnover on the BBL application, as a result NE Hire received more funds than it was entitled to from the BBL scheme. Furthermore, Mr Boss caused NE Hire to expend the £50,000 BBL funds for purposes that did not provide economic benefit to NE Hire. In that:    • Under the BBL 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.     • NE Hire was incorporated on 26 November 2010.  • On 15 July 2020, Mr Boss applied for a BBL of £50,000 on behalf of NE Hire declaring that its turnover for the calendar year 2019 was £250,000. • NE Hire filed accounts for the periods ending 31 October 2019 and 31 October 2020 which showed nil turnover. • NE Hire’s bank statements show nil turnover for the calendar year 2019. Based on this, NE Hire would not have been entitled to apply for a BBL as the minimum turnover required under the BBL scheme was £8,000. Therefore, NE Hire has received BBL funds of £50,000 that it was not entitled to. • NE Hire received the BBL funds of £50,000 on 16 July 2020.   • Mr Boss caused NE Hire to expend the £50,000 funds for purposes that did not provide economic benefit to NE Hire including: • Paying third parties £20,500 between 23 July 2020 and 02 October 2020. • Transferring £20,000 to himself on 28 August 2020. • Withdrawing £1,750 cash between 01 and 05 February 2021. • Paying £752.66 to an online shopping website. • Paying £1,498.99 to a fitness store on 09 February 2021. • On 02 September 2022, NE Hire entered Creditor’s Voluntary Liquidation with total liabilities of £55,253, of which £50,000 was owed in respect of the BBL. 

This information is correct as at 22 / 11 / 2024



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