Feelgood Production LLP and BSMAX LLP that reportedly operated abroad as equipment sale and distributors of building materials have been ordered into liquidation in the public interest following an investigation by the Insolvency Service.
The investigation found that each LLP had filed false accounts at Companies House.
The most recent accounts disclosed that Feelgood and BSMAX had turnovers of (respectively) 73,874 million and 73,315 million; net assets distributable to members of (respectively) 1.422 million and 1.322 million and operating profits of (respectively) 0.373 million and 0.394 million.
The accounts were purportedly professionally prepared but the accountants said to have prepared them informed the investigation that they had been neither accountant nor consultant to either LLP and had no knowledge of their affairs.
The accounts were signed by Mrs Ekaterina Ostapchuk on behalf of the designated members of each LLP, namely Coddan Nominee Administrator Ltd and Coddan Nominee Subscriber Ltd who were paid and indemnified by the ultimate beneficial owner of each LLP.
The investigation was informed that Mr Elchin Musaev, a citizen of Georgia living in Azerbaijan, was the ultimate beneficial owner of each LLP but that he does not speak English. Mr Musaev did not respond to the investigation.
Welcoming the courts winding up decisions Chris Mayhew, Company Investigations Supervisor, said:
Business and members of the public should be able to rely on the information filed by a registered corporation on its public file and where abuses are found, as here, the Insolvency Service will investigate and take further enforcement action as necessary.
The Official Receiver now appointed to wind up each LLPs affairs will be glad to receive details from any creditors or other parties who have dealt with either of these concerns.