Case details for Hongguang DENG

Name: Hongguang DENG

Name: CL Penel Limited

Date of Birth: 1 / 8 / 1971

Date Order Starts: 7 / 4 / 2022

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 11198807

Last Known Address: China Palace,, 19 Penel Orlieu,, , , BRIDGWATER,, TA6 3PF

Conduct: From 04 January 2019, the first date after the last submitted period end accounts, Hongguang Deng (“Mr Deng”) failed to ensure that CL Penel Limited (“CLP”) maintained or preserved adequate accounting records, or in the alternative failed to deliver up such records to the Liquidator. As a consequence: - • It is not possible to ascertain the reasons for transactions made from CLP’s trading bank accounts totalling at least £108,167 and during the period from 04 January 2019 to Liquidation, or to establish whether the payments were made in respect of legitimate business expenditure, as follows:- 1. Withdrawals from current bank account 1 totalling £58,700 made between 04 January 2019 and 24 February 2020, described on the bank statements as “ATM Withdrawal”; 2. Withdrawals from current bank account 2 totalling £21,050 made between 02 May 2019 and 02 September 2019, described on the bank statements as “Bank 25 Cornh”; 3. Withdrawals from current bank account 3 totalling £26,500 made between 03 September 2019 and 07 March 2020, described on the bank statements as “Cash Withdrawals at Bank Plc ATM”; • It is not possible to verify whether all sales income, specifically cash sales, have been received for the benefit of CLP, as all income received on all trading accounts are from online ordering and from card transactions. • At liquidation, total liabilities to creditors were £59,565, of which £51,727 was owed to HMRC. 

This information is correct as at 18 / 3 / 2022



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