Furnituredeal.co.uk

mohammed_akib

I knew they'd call, second time they have called now, just letting me know they are investigating matters, this is illegal what they have done. hope the police sus them out, what a bunch of thiefs!

Nice to see the police keeping in touch, look forward to them bringing these guys down!!

BMAF1

Any new updates? Haven't yet had a call from Leicester CID since I got my crime report number.

mohammed_akib

nothing new yet, they just told me yesterday that they are investigating and have had quite a few reports, keep calling them.

BMAF1

mohammed_akib wrote: »

I knew they'd call, second time they have called now, just letting me know they are investigating matters, this is illegal what they have done. hope the police sus them out, what a bunch of thiefs!

Nice to see the police keeping in touch, look forward to them bringing these guys down!!

Don't know if this a new development but .... I had a call about 16.30 today from Pc ******* (won't post the name just in case) ... I was informed that the police will NOT be investigating this matter. It would appear that the liquidators and Trading Standards will be the people to contact. The Official Receivers may also get involved. However, when the OR called me last week, I was informed that they do not get involved with this type of insolvency. They did say that after all proceedings are closed, then the liquidators should submit a report and only then may the OR become involved.
Sorry guys, like you this was not what I wanted to hear. If anyone has a contact number or can use their crime ref to call the police, it may help as we need to clarify this new info now before it goes cold. I wasn't given a crime number?? If it turns out to be correct, then I think we will only have PKF and Trading Standards to rely on. I do believe Trading Standards have their own fraud investigators and therefore we may have to raise the profile again.

usignuolo

Continuing to trade while knowing you are technically insolvent without any reasonable expectation of returning to a solvent position, IS a criminal offence although it can be hard to prove.

Also the directors can be stopped from starting up again straightaway.

I don't have the full text of the following article as you have to subscribe to get it but here is the link and the extract:
http://www.accessmylibrary.com/article-1G1-130402316/services-adviser-stop-phoenix.html

Stop the phoenix rising from the ashes. If you lose cash to an insolvent business, it's not funny when its directors set up again under the guise of a new company. John Davies explains how to catch them out.

John Davies is head of business law at ACCA.

Losing money when a client or customer goes into liquidation is annoying enough. But when the individuals behind the insolvent company start trading again soon after, from the same premises and in the same line of business, questions will always arise as to whether company law is being abused.

The law recognises each individual company as being an independent entity. As long as it complies with the standard registration formalities, a new company is treated as having an existence of its own and has no responsibility for the debts that may have brought down other companies run by the same individual or individuals. So, annoying though it may be, there is nothing illegal in itself in the business of an insolvent company being effectively continued under the guise of a brand new company.

But there are remedies that unpaid creditors can explore. Under the Insolvency Act 1986, any person who has been a director (or shadow director) of a company may not, within 12 months of it entering into insolvent liquidation, become a director, or be in any way involved in the formation or management of another company that operates under the same or a similar name to the insolvent one.

A person who does so not only commits a criminal offence but also becomes personally liable for the debts of the 'phoenix' company that are run-up during the period of his or her involvement. The restriction applies for five years from ...

BMAF1

I'm just concerend that there only seems to be 4 of us on this case!!! If so, we have no chance of fighting the fraudsters. Anyone else agree??

tonyp43

Hi All,

Although I have my money back through Lloyds bank I still look at this forum.
I have sent all the Emails that I got from both Furniture Deals and Morris furniture to Mr Sijid Sittar of PKF. These demonstrate that FD could never have supplied the goods they advertised for sale on their web site. It is the duty of PKF to report on the conduct of the directors and I feal sure that companies house will take a close look at them.

hatton1265

Hi

I was given a crime number and was rang back twice and was told that it was definately a criminal case, and was told me they would update me with developments, I have not heard anything different, so cannot see why BMFA1 was told this information. As far as I am concerned the police told me they are definately treating as a criminal case that is why I have a crime number. The Official Receivers state that it is a criminal case therefore that is why the police are now involved.

mohammed_akib

Hi All,

I have also been given a crime reference number fromt he police, i was told what they have done is illegal, and it is a criminal matter, would be a sad state of affairs if the police ignore this as because it is almost a million pounds that has gone missing. I dont know what to do know, i feel as each day goes on more and more people are losing interest in this forum.

i will keep going till the end and will not stop, walsall fraud help rang me today, i have also had a letter from my MP whp has forwarded this companies details to a business fraud team. we all need to keep going, these people thieve our money and live like kings.

Its not acceptable what BMAF1 has been dont and i will not let it drop, i will write to gordon brown to0..but then he is a thief too.

BMAF1

Hi all

Apolgise if I have caused any confusion, my only intention was to update you on the call that I received yesterday. Like you I am confused as to why I was told the police will not be investigating this when you guys have been told that they were. It doesn't make any sense and I'm not going away either because I don't want this to happen to anyone else in the future. To me it doesn't matter if its 1p or £5m its theft and its horrible to read about the distress to so many people especially, when he thinks an apology in the press will take care of it!