Case details for Fengsi HE

Name: Fengsi HE

Name: YNI 888 LTD

Date of Birth: 2 / 1 / 1984

Date Order Starts: 4 / 11 / 2022

Disqualification Length: 7 Years 0 Month(s)

CRO Number: 11311072

Last Known Address: 330 Holderness Road,, , , , HULL,, HU9 3DQ

Conduct: Fengsi He (Mr He) failed to ensure that YNI 888 Ltd (YNI) maintained and/or preserved adequate records or, in the alternative, he has failed to deliver-up sufficient accounting records to explain YNI’s transactions and trading activities from the date of his appointment in May 2020 to its liquidation in July 2021, in that: • YNI commenced trading in April 2018 and accounts were filed to 30 April 2019; • He was appointed as the sole director in May 2020; • The only records delivered up in the liquidation pre-dated his appointment as a director; • He has confirmed that all the records in his possession have been provided to the liquidator; • The liquidator has advised that the Company utilized his personal bank account and no bank statements have been made available; • He informed the liquidator that the majority of YNI’s business was conducted in cash; In the absence of full accounting records, it is not possible to: • Ascertain what income was received by YNI or how this was expended; • Verify that all amounts paid by YNI were for legitimate Company expenses; • Confirm his statement that he received no remuneration from YNI; • Verify that all creditors have been disclosed in the liquidation; • Establish if any transactions were recoverable in the liquidation; • Determine the extent of YNI’s liability to HMRC in the context of a conviction obtained against YNI’s former director (and his wife) relating to tax fraud. 

This information is correct as at 17 / 10 / 2022

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