Black Capital Partners Ltd (12289761): administration
- Status
- Administration ended
- Administration began
- 2022-10-12
- Administrators' firm
- FTS Recovery
- Formerly
- Black Capital Partners UK Ltd
- Incorporated
- 2019-10-30
- Location
- Milton Keynes
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 30 October 2019 with the purpose of conducting primarily property related activities.
On incorporation, the Director and shareholder of the Company was Mr Sarju Patel, initially understood to have traded “Black Capital” as a sole trader and subsequently (on meeting Mr Ubhi) potentially as an unregistered partnership, a point which as at today’s date is still understood to be being disputed through the courts. On 20 November 2019, Mr Ubhi was appointed to the Board of the Company.
My investigation into the Company's main trading activities remains ongoing. 1 am advised by Mr Ubhi that the intention of this Company was simply to hold and conduct property investment related activities, using profits generated from Forex ("FX") trading in “Black Capital" and by Mr Patel personally.
Administrators' statement of proposals (2022-11-09) · Companies House register