Case details for EMAL MASOOD

Name: EMAL MASOOD

Name: Emal Safi Limited

Date of Birth: 12 / 6 / 1985

Date Order Starts: 13 / 1 / 2025

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 11402189

Last Known Address: 117 Plant Hill Road,, , , , MANCHESTER,, M9 6WQ

Conduct: On 18 May 2020 Emal Masood (“Mr Masood”) caused Emal Safi Limited (“Emal Safi”) to make a Bounce Back Loan (“BBL”) application of £50,000 which he knew or ought to have known did not meet the terms of the scheme. Mr Masood made a wrongful declaration by overstating Emal Safi’s turnover as a result Emal Safi has received more funds than it was entitled to from the BBL scheme. In that: • Emal Safi was incorporated on 07 June 2018. • A business could apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of their turnover in the calendar year 2019. • Bank statements for year 2019, show a turnover of £88,502. • Mr Masood made an application to the Bank for a BBL of £50,000 and stated the annual turnover for Emal Safi for 2019 was £200,000. • On 20 May 2020, BBL funds of £50,000 were paid into the company bank account. • On 11 April 2023, Emal Safi entered Creditors Voluntary Liquidation with known liabilities of £125,319, of which £50,195 is owed in respect of the BBL. 

This information is correct as at 24 / 12 / 2024



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