Insolvency News 11 of 18

Winding up Petition reveals £1.5m VAT Scam

The director of a recruitment company for the construction industry has been disqualified for 11 years for his part in an elaborate VAT scam. Ravinder Singh Mandair, the director of Worldwide Trading Services (UK) Limited, has been banned from acting…

New Rules Cap Liquidation Fees

New rules laid out in Parliament on 3 March 2015, are to be introduced in England and Wales to improve the transparency of the costs associated with insolvency cases. In a move designed to remove the uncertainty of unlimited hourly…

Directors Pay the Price for Breaching CVA

Two more directors have felt the full force of the Insolvency Service after breaching their respective insolvency arrangements. The first director has received an eight-year director disqualification for entering into transactions that were detrimental to his creditors while undergoing a…

Insolvent Wine Scammer soured by Winding up Petition

Following a successful winding up petition to have the company compulsory liquidated the director of Bordeaux Fine Wines Limited, a company that sold wine to members of the public, has been handed a maximum 15-year disqualification for failing to purchase…

£1.5million Land Scam buried by Winding up Petition

Gilbert Webb Estates Limited, a firm operating a land banking scheme that preyed on vulnerable members of the public, has been ordered into compulsory liquidation via winding up petition by the High Court following an Insolvency Service investigation. The company,…

Escrow Company Wound Up in Final Chapter of Earth Metal Sham

Back in November, we reported on two earth metals companies that were selling virtually worthless earth metals to unsuspecting investors. The companies involved, ‘Denver Trading AG’ and ‘Denver Trading Ltd’, were subsequently wound up for “offering services which were simply…

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