Name: ABDUL WAHID

Name: MAILSI GENERAL TRADING LIMITED MAILSI PERFECTTO PIZZA LTD

Date of Birth: 15 / 4 / 1970

Date Order Starts: 28 / 4 / 2025

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 10583077&11185520

Last Known Address: 36 Langley Hall Road,, , , , SOLIHULL,, B92 7HE

Conduct: General Trading Mr Wahid caused General Trading to act in breach of the rules of the Government-backed bounce back loan (‘BBL’) scheme by obtaining a BBL in the sum of £50,000 for which it was not eligible by providing false or knowingly inaccurate information concerning General Trading’s turnover and by using the loan monies other than for the sole economic benefit of the company, in that: - The terms of the BBL scheme were such that an applicant company could obtain a loan of up to 25% of its turnover for the 2019 calendar year if it had been trading before 01 January 2019 or of its estimated annual turnover if trading began after 1 January 2019, up to a maximum value of £50,000, and any BBL provided was to be used wholly for the benefit of the applicant company and not for any personal use. - General Trading began trade before 1 January 2019 and so was required to provide its turnover for 2019 calendar year. - According to General Trading’s financial statements turnover was £nil in the financial year to 31 January 2019 and £22,000 in the financial year to 31 January 2020. - Mr Wahid made an application to General Trading’s bank stating that annual turnover in 2019 had been £250,000 and requesting a BBL of £50,000. The application was approved. - General Trading’s bank account held a credit balance immediately prior to the BBL monies’ arrival of £15,072. The BBL monies of £50,000 were received into the company’s current account on 8 October 2020. No credits were received into the account before 7 June 2021, by which time payments from the account had reduced the credit balance to £57,873. - On 7 June 2021 Mr Wahid paid himself £55,000 from the company’s bank account. - Mr Wahid returned this amount to the company on 14 June 2021 and on the same day caused General Trading to make a payment of £50,000 to a third party company. - Mr Wahid states that this payment was made in connection with a change of General Trading’s business. The third party made no repayments to General Trading. - According to a Statement of Affairs signed by Mr Wahid on 28 November 2022, General Trading’s bank was owed £50,000. The Liquidator has subsequently received a proof of debt in the liquidation from the bank for £42,184 including a claim in respect of the BBL. Perfectto Pizza Mr Wahid caused Perfectto Pizza to act in breach of the rules of the Government-backed bounce back loan (‘BBL’) scheme by obtaining a BBL in the sum of £50,000 for which it was not eligible by providing false or knowingly inaccurate information concerning Perfectto Pizza’s turnover and by using the loan monies other than for the sole economic benefit of the company, in that: - The terms of the BBL scheme were such that an applicant company could obtain a loan of up to 25% of its turnover for the 2019 calendar year if it had been trading before 01 January 2019 or of its estimated annual turnover if trading began after 1 January 2019, up to a maximum value of £50,000, and any BBL provided was to be used wholly for the benefit of the applicant company and not for any personal use. - Perfectto Pizza began trade before 1 January 2019 and so was required to provide its turnover for 2019 calendar year. - According to Perfectto Pizza’s financial statements turnover was £91,450 in the financial year to 29 February 2019 and £127,932 in the financial year to 28 February 2020. - Mr Wahid made an application to Perfectto Pizza’s bank stating that annual turnover in 2019 had been £200,000 and requesting a BBL of £50,000. The application was approved. - Perfectto Pizza’s bank account held a credit balance of £3.85 immediately prior to the BBL monies’ arrival into the company’s current account on 29 May 2020, which took the credit balance to £50,000.85. - Before any further credits were received into the bank account Mr Wahid caused the company to make payments to an individual of £12,500, £500 and £1,500 on 20 October 2020, 10 November 2020 and 18 November 2020 respectively. - There is no evidence of these payments creating economic benefit to Perfectto Pizza. - According to a Statement of Affairs signed by Mr Wahid on 28 November 2022, Perfectto Pizza’s bank was owed £50,000. The Liquidator has subsequently received a proof of debt in the liquidation from the bank for £43,519 in respect of the BBL. 

This information is correct as at 8 / 4 / 2025

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