Case details for TARIQ MAHMOOD CHAUDHRY

Name: TARIQ MAHMOOD CHAUDHRY

Name: TM CHICKEN LTD

Date of Birth: 25 / 5 / 1967

Date Order Starts: 6 / 2 / 2019

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 09747711

Last Known Address: 44C LIVERPOOL ROAD, , ECCLES, , MANCHESTER, M30 9LY

Conduct: Between 25 August 2015 and liquidation on 11 May 2017, Tariq Mahmood Chaudhry (ďMr ChaudhryĒ) has failed to ensure that TM Chicken Limited (ďChicken Ē) maintained and/or preserved adequate books and accounting records, or, in the alternative, he has failed to deliver up to the Liquidator such records as were maintained and/or preserved, as a consequence of which it has not been possible to explain the following:

  • The degree to which payments and cash withdrawals made from Chickenís bank account totalling £208,384 were applied for the benefit of Chicken;
  • The full extent of Chickenís turnover on the basis that he has indicated that Chickenís 8 employees were paid in cash, which transactions were not recorded, and only £1,160 in cash has been withdrawn from the bank account;
  • Whether the £12,620 paid to individuals through Chickenís bank account represents wages and, if so, whether that is the full extent of the wages paid by Chicken
  • The accuracy and validity of the HMRC payroll investigation, following which an assessment of £2,124 and a penalty of £3,582 were levied;
  • Chickenís transactions and financial position between the date he says Chicken commenced trade (25 August 2015) and the first transaction on the bank statements (21 January 2016);
  • When Chicken ceased trade on the basis that he indicated in the Statement of Affairs that Chicken ceased trade in November 2016 but, after that date, £112,886 was paid into Chickenís bank account and £109,738 was paid out;
  • The extent of Chickenís VAT liability on the basis that Chicken failed to register for VAT, despite its turnover having exceeded the then VAT threshold. Bank statements show that between 21 January 2016 and 19 September 2016, Chickenís turnover exceeded the VAT threshold. By 11 May 2017 £220,500 in cash had been received into the bank account; and
  • His income 

    This information is correct as at 17 / 1 / 2019



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