Name: Muhammad Layek Hussain

Name: LAYEK UK LTD

Date of Birth: 27 / 5 / 1983

Date Order Starts: 17 / 4 / 2026

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 12033232

Last Known Address: Flat 14, Byas House, Benworth Street, , LONDON, E3 2AY

Conduct: Mr Muhammad Layek Hussain caused Layek UK Ltd (‘Layek’) 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 Layek’s turnover and by using the BBL monies other than for the sole economic benefit of Layek, in that: • The terms of the BBL scheme were such that an applicant company could obtain a BBL 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 01 January 2019 from the date it commenced business, 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. • On either basis, the applicant was required to have been carrying on business as at 1 March 2020 and to have suffered economic detriment as a result of the Covid-19 pandemic. • Layek filed dormant accounts with Companies House for the financial period ending 30 June 2020 showing £1 in share capital as its sole asset. • Layek held no bank account until August 2020 when it opened two bank accounts, one with Starling Bank Plc (“Starling”) and a second with Barclays Bank Plc (“Barclays”). • Mr Hussain made a BBL application to Starling on 21 August 2020 stating that Layek’s annual turnover was £200,000, that the company had suffered economic detriment because of the Covid-19 pandemic, and requesting a BBL of £50,000. The BBL application was approved. • Prior to receipt of the BBL funds, Mr Hussain paid a total of £35,000 into the company account with Starling. • BBL funds of £50,000 were credited to Starling on 28 August 2020, resulting in a balance of £85,000 in the account. • Between 28 August 2020 and 06 October 2020, all funds had been paid out of the account leaving a nil balance. Of the £85,000 paid out of the account £69,000 was paid to Mr Hussain of which a total of £34,000 was directly from the BBL funds. The remaining £16,000 was paid out to 3 individuals for which there is no explanation and it is not clear whether there was any economic benefit to Layek. • Only one repayment of £95.99 was made in respect of the BBL • Starling has submitted a proof of debt for £51,181 in respect of the outstanding BBL. Mr Hussain failed to ensure that Layek maintained and/or preserved adequate accounting records or, in the alternative, he has failed to deliver up sufficient accounting records to explain Layek’s financial affairs from 1 July 2020 to liquidation on 9 December 2022. In that: • the reasons for all payments and credits on Layek’s accounts with Starling and Barclays; • the full and true amounts due to creditors listed in the Statement of Affairs; • the full and true amounts due to or from Mr Hussain in relation to any directors loan account; • how all assets, including book debts, loans or other non-physical assets have been disclosed, delivered up and/or full and fair value obtained during any pre-liquidation activity; • that all creditors have been disclosed; and • the reasons for the Company’s failure. 

This information is correct as at 8 / 4 / 2026

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