Case details for SHAN FIAZ

Name: SHAN FIAZ

Name: S K Performance Cars Ltd

Date of Birth: 22 / 10 / 1989

Date Order Starts: 1 / 10 / 2018

Disqualification Length: 14 Years 0 Month(s)

CRO Number: 08428514

Last Known Address: 1 Wentworth Avenue, , , , MANCHESTER, M45 7GQ

Conduct: Between August 2014 and October 2015 Shan Fiaz (“Mr Fiaz”) caused SK Performance Cars (“SK”) to sell vehicles belonging to third parties and fail to remit the sale proceeds, as per a sale or return agreement with the owners of the vehicles, resulting in 29 claims totalling £511,083. In that: - SK began trading in April 2014. It offered a brokerage service whereby SK agreed to market and sell vehicles belonging to third party owners over a 3 month period. If the vehicle sold SK would remit the sale proceeds to the owners minus an agreed fee. If the vehicle failed to sell it was returned to the owner. - On 29 September 2015 a customer who SK had failed to pay petitioned for its winding up. On 23 October 2015 a provisional liquidator was appointed upon the request of another unpaid customer. The provisional liquidator recovered 36 vehicles belonging to third parties in SK’s possession, and was bale to return these vehicles to their owners. - On 8 December 2015 a winding up order was made against SK. The liquidator has received 29 claims totalling £511,083. Twenty five of these claims were in relation to the failure to remit sums from the sale of third party vehicles. - Between April 2014 and liquidation he received the benefit of payments totalling £314,000 from SK’s bank account - Between 9 June 2015 and 10 July 2015 additional payments totalling £97,345 were made to a company connected to him. 

This information is correct as at 13 / 9 / 2018



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