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15 year disqualification for mobile phone co director who involved his companies in multi-million VAT fraud

16 April 2014 15:00

Somchul Haqe Rashid, a director of TM Global Ltd and TM GB Ltd, mobile phone wholesalers based in Barking, Essex has been disqualified as a director by the High Court for 15 years for involving these companies in a scheme linked to VAT fraud and making wrongful VAT reclaims against HM Revenue & Customs.


Rare earth metal agents wound up in public interest

19 March 2014 15:15

Westpier Consultants Limited and Global Metal Exchange Limited, two companies that sold rare earth metals at hugely inflated prices to the public while grossly exaggerating the rate of return on investment, were wound up in the High Court on 12 March 2014, following an investigation by the Insolvency Service.


Court closes bogus green investment company

14 March 2014 11:45

Greenwave Bio Ltd (“Greenwave”), a company that misled investors by claiming to sell bio-fuel technologies and promising an 800 per cent return on investment, was wound up on public interest grounds in the High Court on 24 February 2014.


Diamonds are forever awaited by investors

03 February 2014 14:20

A London-based company that sold coloured diamonds to the public as investment but did not deliver them was ordered into liquidation on 29 January on grounds of public interest following an investigation by the Insolvency Service.


22-year ban for husband & wife for providing false statements to the taxman

30 December 2013 12:45

Michael James Nicholas Baker and Querida Marguerita Baker, husband and wife directors of IT employment agency ExecuIT Ltd, have been disqualified from being directors for 11 years each for submitting false returns to the taxman.


High court orders three carbon credit companies into liquidation

23 December 2013 14:45

Three more connected companies in London that were involved in a £3.2 million scam selling carbon credits to investors at inflated prices were ordered into liquidation by the High Court in the public interest on 18 December 2013 following an investigation by the Insolvency Service.


Provisional liquidator appointed for Bordeaux Fine Wines Limited

23 December 2013 14:05

Bordeaux Fine Wines Ltd (“BFW”), a company that sold wine to investors, was put into provisional liquidation by the High Court in the public interest on 19 December 2013, following an investigation by the Insolvency Service.


Directors banned for 14 years for tax neglect and disposing of assets

23 December 2013 14:00

Three company directors of Shalam UK Ltd (‘Shalam UK') have been disqualified for a total of 14 years for neglecting the company’s tax affairs and allowing the transfer of £4.5m of assets to a connected company, to the detriment of creditors.


Wedding dress company that gave few dresses and no redress is wound up

13 December 2013 13:00

A wedding dress company, Edressesglobal UK Co Ltd (“Edresses”), registered in the UK but operating from China and the United States, was wound up in the public interest on 6 November 2013 at the High Court for filing misleading accounts and giving false trading addresses to customers.


Director of Docklands-based estate agency gets three-year ban for failing to pay taxes

05 December 2013 10:30

Angus Edy, the director of Movello (London) Limited, was banned from acting as a director for three years for failing to pay taxes due to HM Revenue & Customs (HMRC), following an investigation by the Insolvency Service.