Regulators

Insolvency Service bans London restaurateur over tax-avoidance

The boss of a restaurant in Burnt Oak, North West London, has been disqualified for seven years after “deliberately suppressing” sales income from the tax authorities.

According to the Insolvency Service, JJ Timisoreana Limited was incorporated in October 2014 and Mihaela Solga (50), from Edgware, North West London, was appointed as the company’s sole director.

The company traded as a restaurant known as Brasseria Timisoreana, but four years after opening experienced “difficult trading conditions” and entered into liquidation in October 2018.

Investigators from the Insolvency Service said they were made aware of JJ Timisoreana’s “failure” and upon further enquiries, uncovered that the company’s business records were “incomplete in many instances”.

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Shortly after this, it was discovered that Solga had caused JJ Timisoreana to “under-declare” the correct amount of tax between 2015 and 2018 and, at the point of liquidation, owed the tax authorities more than £406,000.

Solga has now been banned for seven years from acting as a director or directly or indirectly becoming involved, without the permission of the court, in the promotion, formation or management of a company – effective 13 February 2020.

Lawrence Zussman, deputy head of insolvent investigations for the Insolvency Service, said: “Mihaela Solga failed to take her responsibilities as a director seriously and deliberately caused the company behind her restaurant to not pay the correct amount of taxes as she was duty-bound to do so.

“Much of the public service is funded by the correct amount of taxes being paid and Mihaela Solga’s misconduct has resulted in her being removed from the business environment for a substantial amount of time.”

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