Case details for TAHIR MAHMOOD ZAMAN

Name: TAHIR MAHMOOD ZAMAN

Name: YEY GROUP LIMITED

Date of Birth: 18 / 9 / 1971

Date Order Starts: 15 / 3 / 2019

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 09713788

Last Known Address: 245 HECKMONDWIKE ROAD, , , , DEWSBURY, WF13 3NF

Conduct: Tahir Mahmood Zaman (“Mr Zaman”) failed to ensure that YEY Group Ltd (“YEY Group”) maintained and preserved adequate accounting records or alternatively, he has failed to deliver up to the liquidator such records as were maintained. Due to the inadequate accounting records for the period between 03 August 2015 and 17 August 2017, the date of liquidation, it is not possible to:

  • Determine in the absence of sales invoices or cash records the source of YEY Group’s income between 03 August 2015 and liquidation.
  • Determine the purpose of cash withdrawals with a total value of £168,490 that were made from YEY Group’s bank account between 03 August 2015 and liquidation and confirm that it was for legitimate company expenditure.
  • Determine the purpose of payments totalling £230,000 that were made from YEY Group’s bank account to him during the period 28 November 2016 to 02 February 2017, confirm that it was for legitimate company expenditure and determine whether any of the payments should have been accounted for through the director’s loan account.
  • Determine the purpose of payments totalling £50,000 that were made from YEY Group’s bank account to a third party individual during the period 07 January 2016 to 11 January 2016 and confirm that it was for legitimate company expenditure.
  • Determine the purpose of payments totalling £140,000 that were made from YEY Group’s bank account to a connected company during the period 09 September 2015 to 19 October 2015 and confirm that it was for legitimate company expenditure.
  • Verify the amounts paid by YEY Group to staff via methods other than bank transfer during the period 03 August 2015 to liquidation and confirm the accuracy of Payroll records.
  • Establish the amounts properly due to HMRC in respect of VAT, PAYE and Corporation Tax for the period 03 August 2015 to liquidation.
  • Determine the reasons for the failure of YEY Group.
  • Establish the accuracy of the statement of affairs lodged at liquidation and establish the correct position in respect of the assets and liabilities of the company. 

    This information is correct as at 25 / 2 / 2019



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