Case details for AMIR KHAN

Name: AMIR KHAN

Name: WMB Electrical Ltd

Date of Birth: 26 / 1 / 1969

Date Order Starts: 14 / 6 / 2022

Disqualification Length: 3 Years 6 Month(s)

CRO Number: 10532733

Last Known Address: Flat 3, Mere House,, 4 Green Pastures,, , , STOCKPORT,, SK4 3RA

Conduct: From 27 March 2019 when appointed as a director, Amir Khan “Mr Khan” abrogated his responsibilities as a director of WMB Electrical (“WMB”) by failing to ascertain or keep himself informed about WMB and its financial position and activities, and by taking no active role in controlling or supervising its affairs: WMB stated nature of business was as a building completion and finishing company. WMB entered creditor’s voluntary liquidation on 02 December 2020. By failing to exercise diligence required of a director in that Mr Khan facilitated the opening of a company bank account in WMB’s name on 17 June 2019 but then failed to exercise due diligence, caused or allowed a 3rd party to control the financial affairs of WMB and as a result; Failed to ensure adequate corporate financial governance and report suspicious financial activity. Failed to prevent the filing of amended false accounts at Companies house on 23 July 2019 for year end 31 December 2018, a period when WMB was confirmed as being a dormant company, yet the accounts show a turnover of £831,058 with a gross profit of £250,420. Has allowed payments of £69,119 to an unconnected company. Has allowed £105,210 payments to an unknown personal bank account. Allowed Job retention scheme payments totalling £11,205 from five unconnected companies to be paid into the bank account and not declare the overpayments to HMRC. Failed to substantiate whether the trading activities of WMB were legitimate and in doing so failed to ascertain that the only source of income for the WMB comprised solely of 5 loans totalling £150,799 and non-trading receipts totalling £126,730. Failed to ensure the accounting books and records for WMB were maintained, preserved and delivered up to the Liquidator, consequently it is impossible to; Explain the deficiency of £294,335. Ascertain whether purchases acquired from trade creditors totalling £155,235 were used for the benefit of WMB, and, Ascertain whether WMB was entitled to obtain the Business Bounce Back Loan of £15,000 received on 5th May 2020 and in such an event if those funds were used for the benefit of WMB. 

This information is correct as at 24 / 5 / 2022



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