Case details for Florjan Kryemadhi

Name: Florjan Kryemadhi

Name: Florjan Ltd

Date of Birth: 5 / 1 / 1984

Date Order Starts: 2 / 1 / 2023

Disqualification Length: 5 Years 0 Month(s)

CRO Number: 12279376

Last Known Address: 29 Trafalgar Drive,, , , , WIRRAL,, CH63 7RN

Conduct: Mr Florjan Kryemadhi (“Mr Kryemadhi”) failed to ensure that Florjan Ltd (“Florjan”) maintained and/or preserved adequate company accounting records or in the alternative, following Liquidation, failed to deliver up the accounting records to the Liquidator when requested for the period from 26 November 2019 to Liquidation. As a result, it has not been possible to: Verify whether £359,623 paid into the bank account of Florjan between 26 November 2019 to Liquidation represents total legitimate income of the company. Verify whether £359,598 paid from the bank account of Florjan between 26 November 2019 to Liquidation represents total legitimate expenditure of the company. Establish the extent and nature of Mr Kryemadhi’s remuneration from 26 November 2019 to Liquidation. Establish whether payments of £88,738 to various third parties were payments in the normal course of trade. Verify whether money received under the HMRC Coronavirus Job Retention Scheme (“CJRS”) were all used for the payment of wages of furloughed staff, in particular; From 20 May 2020 to 30 April 2021, Florjan received in total £55,571 from HMRC CJRS. PAYE documents show for the tax year 2020/21 that £25,395 was the total amount paid to members of staff. Verify whether a Bounce Back Loan of £20,000 introduced into Florjan on 28 August 2020 with the express intention of providing economic benefit to the business was utilised for this purpose, in particular, the reason for a payment of £10,000 to a connected party paid on 01 September 2020. Verify the existence, ownership, location and value of the assets of Florjan, in particular; Bank statements show that Florjan purchased machinery totalling £68,396. At the time of Liquidation, Florjan’s assets were detailed as £200 cash. In addition, it cannot be established whether or not such assets were transferred by Mr Kryemadhi when the restaurant was transferred to a third party prior to Liquidation. Mr Kryemadhi stated the restaurant was transferred in lieu of his personal debt to the third party. Verify the annual turnover of the company and whether the turnover exceeded the VAT threshold, and as such, whether Florjan should have been registered for VAT. Therefore, it cannot be established if there was any consequent liability for VAT. At Liquidation, £27,740 was owed to creditors of which £19,657 was in respect of the BBL. 

This information is correct as at 12 / 12 / 2022

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