Case details for Md Abdus SALAM

Name: Md Abdus SALAM

Name: Blue Lounge (Bedford) Limited

Date of Birth: 1 / 11 / 1974

Date Order Starts: 25 / 10 / 2021

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 11900096

Last Known Address: 22 Holmscroft Road,, , , , LUTON,, LU3 2TJ

Conduct: Md Abdus Salam, (“Mr Salam”) failed to ensure that Blue Lounge (Bedford) Ltd (“BLBL”) maintained and/or preserved adequate accounting records for the period 31 December 2019, (the last prepared accounts recorded at Companies House), to Liquidation on 19 February 2021, or in the alternative, following liquidation he failed to deliver up to the Liquidator adequate records as were maintained and/or preserved. As a result it has not been possible to determine: The reason for ATM cash withdrawals amounting to £13,654 between 01 January 2020 to 24 July 2020 and whether these were used for the benefit of BLBL. The reason for counter withdrawals amounting to £45,500 between 04 January 2020 and 11 June 2020 and whether these were used for the benefit of BLBL. The reason for further counter withdrawals amounting to £50,000 over 5 days between 30 June 2020 and 04 July 2020 and whether these were used for the benefit of BLBL. The reason for a final counter withdrawal of £7,000 on 10 August 2020 and whether this was used for the benefit of BLBL. Whether 5 invoices totalling £24,908.10 and 17 wage slips totalling £14,062.10, covering a period between 09 January 2020 to 30 June 2020, delivered up to the Liquidator on 14 June 2021, were paid by BLBL in cash, leaving at least £77,183.80 in unaccounted cash withdrawals between 01 January 2020 and 10 August 2020. Whether the turnover of BLBL was sufficient to qualify for a £50,000 Government Bounce Back Loan, received on 19 June 2020. Whether the £50,000 Government Bounce Back Loan was used wholly for the benefit of BLBL. The quantum of assets distrained by the landlord of the trading address. 

This information is correct as at 5 / 10 / 2021



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