Press release

Short sighted West End optician sees four year ban for failing to pay tax

Optician Kanti Liladhar Fatania, director of Limited Edition Tranquille Limited has been banned from acting as a director for 4 years for failing to pay taxes, following an investigation by the Insolvency Service.

The disqualification, from 30 July 2014, prevents Mr Fatania from managing or controlling limited companies until July 2018.

Commenting on the disqualification, Sue Macleod, Head of Insolvent Investigations Midlands and West, said:

Company directors have a duty to ensure businesses meet their legal obligations, including paying taxes. Failure to do so is not a victimless offence as it deprives the taxpayer of the funds needed to operate public services.

The Insolvency Service will take action against directors who do not take their obligations seriously.

The Insolvency Service investigation showed that Mr Fatania, 55, failed to pay tax worth £78,108 between April 2010 and December 2012 to HM Revenue and Customs. During the same period, the company made payments to other parties of more than £600,000 with Mr Fatania receiving almost £120,000 of these monies.

The company, which traded as a dispensing optician and ocular prosthesis specialist under the styles Eyeform and Hollands of London from an address just off Harley Street, went into voluntary liquidation on 13 December 2012 with a debt of £113,227.

Notes to Editors

Kanti Liladhar Fatania, is a resident of Northwood in the Borough of Hillingdon, London and his date of birth is 18 March 1959. Limited Edition Tranquille Limited was incorporated on 27 April 1971. The company traded as a dispensing optician and provider of ocular prosthesis between March 2004 and December 2012 from premises at 3 New Cavendish Street, London, W1G 8UX,. Kanti Liladhar Fatania was the sole appointed director and shareholder from March 2004. 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;
  • act as an insolvency practitioner; or
  • be a receiver of a company’s property.

In addition, many other restrictions are placed on disqualified directors by other regulations.

Disqualification undertakings are the administrative equivalent of a disqualification order but do not involve court proceedings.

Further information on director disqualifications and restrictions can be found at

The Insolvency Service administers the insolvency regime investigating all compulsory liquidations and individual insolvencies (bankruptcies) through the Official Receiver to establish why they became insolvent. The agency also authorises and regulates the insolvency profession; deals with disqualification of directors in corporate failures; assesses and pays statutory entitlement to redundancy payments when an employer cannot or will not pay employees; provides banking and investment services for bankruptcy and liquidation estate funds; and advises ministers and other government departments on insolvency law and practice. Further information about the work of the Insolvency Service is available from

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