Date of Birth: 12 / 8 / 1988

Date Order Starts: 21 / 11 / 2022

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 10895454

Last Known Address: 59 Coppleridge Drive, Crumpsall, , , Manchester, M8 4PB

Conduct: Mohammad Ferrack Kayani (“Mr Kayani”) has failed to exercise proper control and stewardship of Blackstone Services Ltd (“Blackstone”) and its affairs. In particular: Between 09 January 2019 and 12 November 2019 Mr Kayani has demonstrated a culpable lack of stewardship in that: He has caused or allowed Blackstone to enter into credit agreements via which it has obtained goods and services on credit for which creditors remain unpaid in the liquidation with a resultant liability in respect of those creditors totalling at least £182,998 He has caused or allowed Blackstone to file contradictory accounts for the same accounting period, which, by Mr Kayani’s own admission, he has taken no steps to ensure the accuracy of, and the content of which cannot be verified due to a lack of available books and records Due to his lack of stewardship and his failure to ensure the Blackstone’s compliance with relevant legislation, Mr Kayani has either failed to ensure that Blackstone maintained adequate accounting records or, in the alternative, he has failed to ensure that these were preserved and subsequently delivered up in the liquidation. As a result of these failures it has not been possible to: Establish the true level of the Blackstones’s turnover and cost of sales Determine whether VAT returns submitted on behalf of Blackstone were accurate and that, therefore, Blackstone was entitled to receive a VAT reclaim of £51,624 from HMRC, given that the amounts processed through the only known bank account operated by Blackstone were not sufficient to evidence a level of purchases and sales that would generate such a reclaim Determine which, if any, of the 3 sets of accounts filed by Blackstone for the accounting period ending 31 August 2018 represented an accurate reflection of Blackstone’s financial position Determine the validity of Mr Kayani’s assertion that he took instruction from an unappointed third party in respect of Blackstone’s trading Establish the true level of Blackstone’s liabilities nor confirm whether all creditors have been identified, and therefore whether the liabilities in the liquidation exceed the currently established total of £365,844 Establish the date upon which Blackstone ceased trading Establish the true nature of Blackstone’s trading activities and whether it was operated in a legitimate manner Identify whether any assets were owned by Blackstone, as was stated in the final version of accounts filed for year ending 31 August 2018, and if so, determine what has happened to these assets or any proceeds generated by their disposal Identify the extent of remuneration and/or benefits received by Mr Kayani Determine why £49,000 was withdrawn in cash between 21 August 2019 and 03 September 2019, and whether this money was subsequently used for a purpose that was connected to the legitimate trading activities of Blackstone 

This information is correct as at 1 / 11 / 2022

If you believe this page contains any errors, please email with details of the error that you have found.