Name: Muhammad Muneer

Name: RM BUSINESS CONSULTANTS (UK) LIMITED

Date of Birth: 27 / 1 / 1988

Date Order Starts: 2 / 1 / 2025

Disqualification Length: 10 years Years 0 Month(s)

CRO Number: 09081369

Last Known Address: 131 Victoria Road, , , , BARKING, IG11 8PZ

Conduct: On 19 May 2020 Muhammad Rashid Muneer (“Mr Muneer”) breached the terms of the Bounce Back Loan (“BBL”) scheme by causing RM Business Consultants (UK) Limited (“RM”) to overstate its turnover on its application for a BBL, resulting in the company receiving a BBL of £50,000 when he knew, or ought to have known, that RM was not eligible for a loan of that value. In that: • The BBL scheme terms allowed businesses to receive a loan of up to 25% of their annual turnover for the 2019 calendar year, which the applicant would self-certify when completing the BBL application.   • If a company was established after 01 January 2019, they were allowed to estimate the company turnover from the date the company started to trade. • RM was incorporated on 11 June 2014. • Mr Muneer declared on the company’s BBL application form an annual turnover of £226,000, and consequently, on 21 May 2020, RM received a £50,000 BBL. • Bank statements for the period 01 January 2019 to 31 December 2019 show the company received business income totalling £56,818.21. • This would have meant the company would have been eligible to apply for a BBL of £14,205. • The overstatement of turnover totalling £169,181.79 meant that RM received £35,795 more than it was entitled to from the BBL scheme. • RM entered Creditor’s Voluntary Liquidation on 09 September 2022. • At liquidation, RM had liabilities totalling £109,232, of which £48,848.67 was owed to the bank in respect of the BBL.  

This information is correct as at 17 / 12 / 2024

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