GJES London Ltd, an electrical contracting company, was incorporated in October 2011 and Grzegorz Jarnot became the sole director on the same day.
The company traded for over seven years before going into creditors voluntary liquidation in April 2019 as it was unable to pay its debts.
A subsequent investigation by the Insolvency Service found that from November 2017 to April 2019 more than 952,000 had been paid into GJES Londons bank account, with almost 958,000 paid out.
However, Jarnot failed to provide any accounting records to prove whether the bank deposits accounted for all GJES Londons income and whether the payments made out were legitimate expenditure.
Further enquiries found that GJES London was trading to the detriment of the…
Read the full article at: https://www.accountancydaily.co/ps1m-unaccounted-expenses-sparks-ban-electrician
