Case details for Sanjay Dipak PATEL

Name: Sanjay Dipak PATEL

Name: Direct United (Services) Limited

Date of Birth: 3 / 10 / 1968

Date Order Starts: 7 / 8 / 2019

Disqualification Length: 13 Years 0 Month(s)

CRO Number: 09349555

Last Known Address: 32 Bonsall Street,, , , , LEICESTER,, LE5 5AD

Conduct: 1. Between at least 09 November 2016 and at the latest 16 February 2018, the date of provisional liquidation (“the period”), Sanjay Dipak Patel (“Mr Patel") caused Fibre Tex Ltd (“FT”) to trade in a manner that was not in the public interest, in that:

  • The accounts for the year ended 30 September 2016, which do not provide a true and accurate representation of FT’s financial position, were used in support of applications for goods on finance;
  • He used the identity of a third party to manage the affairs of FT and on applications for goods on finance;
  • FT obtained finance of at least £293,621 from two providers for goods on finance. FT made total payments of £9,402 in respect of those finance agreements. FT owes at least £286,352 to finance providers and the whereabouts of the goods is not known. 2. During the period, he caused Direct United Services Limited (“DUS”) to trade in a manner that was not in the public interest in that:
  • The accounts for the year ended 31 December 2016, which do not provide a true and accurate representation of DUS’ financial position, were used in support of applications for goods on finance;
  • DUS used falsified bank statements in support of applications for goods on finance;
  • He used the identity of a third party to manage the affairs of DUS and on applications for goods on finance;
  • DUS obtained finance of at least £1,014,810 from eight providers for goods on finance. Total payments of £70,382 were made in respect of those finance agreements. DUS owes at least £944,428 to finance providers and the whereabouts of the goods is not known. 3. He caused DUS to fraudulently induce payments in respect of a property purchase from members of the public, in that:
  • DUS used the identity of a firm of solicitors acting in the sale of a property and on 08 January 2018 instructed two clients of the firm to make total payments of £333,108 into the DUS bank account;
  • Between 09 and 17 January 2018 DUS paid the monies to third parties with no connection to the property sale. 4. He has failed to ensure that DUS maintained adequate accounting records from 9 November 2016, the date of the first transactions on DUS’ bank account, to 16 February 2018, the date of provisional liquidation, or if such records were maintained, he has failed to preserve and/or deliver them up to the liquidator. As a consequence it has not been possible to explain or verify:
  • The reasons for receipts of £881,844 into the DUS bank account;
  • The reasons for payments of £881,816 out of the DUS bank account;
  • DUS’ liabilities in respect of VAT. 

    This information is correct as at 22 / 7 / 2019



    If you believe this page contains any errors, please email civil.proceedings.team@insolvency.gov.uk with details of the error that you have found.

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