Case details for Muhammed Amir BASHIR

Name: Muhammed Amir BASHIR


Date of Birth: 1 / 5 / 1970

Date Order Starts: 8 / 2 / 2019

Disqualification Length: 7 Years 0 Month(s)

CRO Number: 08052477

Last Known Address: 17 Bridge End,, , , , CAMBERLEY, GU15 2QX

Conduct: Between 08 September 2017 and 01 November 2017 (the date of liquidation), Mr Muhammed Amir Bashir (“Mr Bashir”) breached his fiduciary duties as a director of Saeeda and Sons Limited (“Saeeda”) by causing payments totalling £105,634.96 to be made to connected parties, at a time when he knew, or ought to have known, that such payments would leave Saeeda in an insolvent position. These payments were to the detriment of her Majesty’s Revenue & Customs (“HMRC”) who, at the time, were owed at least £101,645.52 and in contrast received no payments.

  • Saeeda’s last set of prepared accounts filed at Companies House for year ended 31 May 2016, were signed by him on 13 February 2017. These show that Saeeda was balance sheet insolvent.
  • HMRC’s enforcement system notes show that he made telephone contact with HMRC on 06 July 2017. During this conversation HMRC rejected his terms for a new time to pay agreement due to the outstanding Value Added Tax (“VAT”) liabilities which, at the time totalled £101,645.52.
  • On 04 September 2017, he sold Saeeda’s only asset, a franchise, for the sum of £114,000, these monies being paid into Saeeda’s bank account on 07 September 2017.
  • On the same day that the sale proceeds were received, he made payments to company creditors of his choosing totalling £2,500.
  • From 08 September 2017 to 15 September 2017, he made six payments to various parties totalling £105,634.96, leaving Saeeda in an insolvent position.
  • In contrast, from 08 September 2017 to the date of liquidation, HMRC received no payments towards the outstanding VAT liabilities, which by this time were £118,503.
  • On 21 September 2017, HMRC filed a Winding Up petition against Saeeda, however this did not proceed as on 01 November 2017 Saeeda entered into Company Voluntary Liquidation. At the date of liquidation, liabilities included an outstanding bank loan and debts to HMRC with liabilities of £55,000 and £127,696 respectively.
  • On 02 October 2018 the Insolvency Service’s investigator wrote to him and asked for an explanation as to the payments made. A response was received on 09 October 2018, in which he stated that these parties were paid in preference to HMRC as they were personally pressuring him to do so. 

    This information is correct as at 21 / 1 / 2019

    If you believe this page contains any errors, please email with details of the error that you have found.