Pak Supermarket Washwood Heath Ltd was put into Creditors Voluntary Liquidation in 2015. Following this, the Insolvency Service investigated into their records and found false information which the company had provided to Birmingham City Council.
The false information given was the identity and potential liability of the occupants of the supermarket between August 2010 and 13 October 2014. Also, bank analysis investigations into the company files showed a turnover of £35 million, of which only £5000 was paid towards business rates worth £680,000.
The directors of the company Zahir Rasul and Mohammed Younis have been disqualified; meaning they cannot become directors of a company during their disqualification period.
Martin Gitner, deputy head of the Investigations department at the Insolvency Service said:
‘Directors have a duty to provide their local council with complete and accurate information with regard to the occupants of trading premises in order to ensure that liability is properly attributed.
Where information is found false or misleading, resulting in a loss of funds to the council, directors can expect to be investigated by the Insolvency Service and enforcement action taken to remove them from the market place.’
For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or to take advantage of our free consultation, please telephone Stella Flemmings on 01377 257788, 01724 230060 or 01904 520116 and she will make you an appointment with one of our insolvency professionals at our Driffield, Scunthorpe or York offices.