Boss of Glasgow pizzeria in 8-year ban after failing to maintain proper books and records and not able to explain what £50,000 bounce back loan was used for
Kleida Pizzeria Ltd was incorporated in April 2014 and the sole director was Ilir Bajrami (61) from Glasgow.
Liquidators were appointed, however, to close Kleida Pizzeria as the company could not pay a substantial tax bill. Kleida Pizzeria formally entered into creditors voluntary liquidation in July 2020, which triggered an investigation by the Insolvency Service.
Investigators uncovered that Ilir Bajrami failed to co-operate with the liquidators and failed to provide company accounting records, despite numerous requests.
Due to a lack of records, no-one could determine the real reason for nearly £650,000 worth of income into Kleida Pizzeria’s accounts or what the company spent more than £736,000 on.
Further enquiries uncovered that the pizzeria also received a £50,000 Bounce Back Loan on 7 May 2020 to be used to help the business during the pandemic. But only 7 days later, Ilir Bajrami caused the company to transfer £90,000 to an unknown account, which included the £50,000 bounce back loan.
The Insolvency Service launched disqualification proceedings and on 27 January 2022 the case appeared before Sheriff Reid in Glasgow Sheriff Court. In Ilir Bajrami’s absence, Sheriff Reid gave the pizzeria boss an 8-year disqualification after he failed to ensure Kleida Pizzeria Limited maintained, preserved and/or delivered up adequate accounting records.
The ban began on 24 February 2022 and means Ilir Bajrami is prevented both from directly, or indirectly, becoming involved in the promotion, formation or management of a company, without the permission of the court.
Robert Clarke, Chief Investigator for the Insolvency Service, said:
The inability to account for the company’s income and expenditure is made all the more serious by the fact that £50,000 of that income relates to government funds to support businesses during the pandemic, which have now disappeared.
lir Bajrami has paid the price for his failure to account for that money, and has been removed from the corporate arena by the courts for a substantial amount of time.
Notes to Editors
Mr Bajrami is of Glasgow and his date of birth is March 1960
Kleida Pizzeria Limited (Company number SC475108)
A disqualification order has the effect that without specific permission of a court, a person with a disqualification cannot:
act as a director of a company
take part, directly or indirectly, in the promotion, formation or management of a company or limited liability partnership
be a receiver of a company’s property
Disqualification undertakings are the administrative equivalent of a disqualification order but do not involve court proceedings. Persons subject to a disqualification order are bound by a range of other restrictions.