Panache Stafford, Stone Road - Indian restaurant

tek-monkey

wanna see my snake?
I went there once, was alright but was a little underwhelmed for the prices. Also the food was very oily for my tastes, although this was quite a while ago. As DB said, it just reinforced my wish that I'd gone to Narvana.
 

Hixon & MOD Fireworks

Well-Known Forumite
I heard a rumour some time ago that the old malt and hops on the island was going to be done up and panache move in? was it just a rumour or does anyone know what is happening with the old malt and hops?

I liked the food at panache but there are better places more value for money. Love ñishads but in the last week have been in the mela lounge twice for different parties which I was dreading as never liked malahbar though now whether or not the owner or chef changed it was lush. Can recommend the chicken 65 or the chicken shaslik bhuna balti!
 

Withnail

Well-Known Forumite
The Heineken Hops is yours to rent

Are you sure?

The site of web only turns up the Antelope in the environs - http://www.starpubs.co.uk/pubs-to-let-search-results?lat=52.7807185&lng=-2.092569899999944&searchByLoc=Stafford, Staffordshire ST17, UK&searchByDist=10&type=0&lease=0&option=0&cmin=0&cmax=60000

Though if you are referring to this - http://www.starpubs.co.uk/apps/snpc...ACBB519B8025775700508A59/$FILE/Island STD.pdf - (the age of which being uncertain) it is certainly worth a view. Especially the 'mood board'. :)
 

fatfrog

Well-Known Forumite
I had it from the horses mouth that The Island is going to be an Indian but they are not looking to open for a while as he had other building projects and other restaurants he is busy with
 

Carole

Well-Known Forumite
The guys from Panache won't be opening anywhere until 2020 as they have been banned from acting as company directors until then.
 

John Marwood

I ♥ cryptic crosswords
The guys from Panache won't be opening anywhere until 2020 as they have been banned from acting as company directors until then.

Two businessmen who ran restaurants in Lichfield and Stafford have been banned from acting as directors for seven years each. Mizanur Rahman (39) and Sadiqur Rahman (40), ran Panache Restaurants Limited, a restaurant business in Walsall Road, Lichfield, WS13 8JL, and Panache Restaurants (Stafford) Limited, based in Stone Road, Stafford WS13 8JL. The companies went into liquidation on 4 October 2011 with no assets and liabilities of £528,006 (Lichfield) and £307,010 (Stafford). An investigation found that the pair transferred the businesses and assets to new companies run by the directors’ wives for far less than they were worth, on or around the time the companies ceased trading and instructions were given to place them into liquidation. This was at a time when the directors were aware of an impending inspection due by HMRC. The transfer of the businesses and assets were done with little or no consideration. The new companies traded from the same premises and the directors informed the liquidator that the asset sale price was £15,000 plus VAT for each company. However, there was no evidence in the accounting records of either of the liquidated companies to show that this was ever paid. The two liquidated companies also failed to make PAYE/NIC and VAT returns and payments to HM Revenue & Customs (HMRC). Although draft management accounts to 31 March 2011 valued the assets of the Lichfield restaurant at £126,840, comprising tangible assets of £71,256 and goodwill of £55,584 and the Stafford restaurant at £99,114, being all tangible assets, no formal valuations were carried out and the directors failed to provide information and documentation to explain how they arrived at the sale figures used prior to the sale. The investigation also showed that unpaid PAYE/NIC liabilities began to accrue from the 2008/09 tax year, for both companies. Following an investigation into the Lichfield company’s tax affairs, which had been ongoing since 2008, HMRC billed the companies for PAYE/NIC of £226,109, giving a total PAYE/NIC claim in the liquidation of £247,644. In addition, the Lichfield company owed VAT of £55,000. The Stafford company owed HMRC PAYE/NIC of £19,948 and VAT of £60,980. The company also breached its obligations to Stafford Borough Council in respect of business rates and council tax. Mizanur Rahman and Sadiqur Rahman gave undertakings to the Secretary of State for Business, Innovation and Skills (BIS), not to promote, manage, or be directors of limited companies until October 2020. Commenting on the disqualifications, Sue MacLeod, chief investigator for Insolvent Investigations Midlands and West, said: “The undertakings signed by Mizanur Rahman and Sadiqur Rahman send a clear message to other company directors; if you run a business in a way that is detrimental to either its customers or its creditors you will be in our sights. The Insolvency Service will investigate you and you could be removed from the business environment.”
 

gilbert grape

Well-Known Forumite
I had it from the horses mouth that The Island is going to be an Indian but they are not looking to open for a while as he had other building projects and other restaurants he is busy with
Seemed to be chaps with skips outside there this morning. Maybe progress is restarting?
 

Gary

Newbie
Thanks for the tip, will definitely be eating there soon! Am yet to experience any of the Indian cuisine in Stafford yet so i think that should be first on my list.
 

tek-monkey

wanna see my snake?
Thanks for the tip, will definitely be eating there soon! Am yet to experience any of the Indian cuisine in Stafford yet so i think that should be first on my list.


If you've not tried Narvana I'd give that a go, can get a bit busy lately though.
 

John Marwood

I ♥ cryptic crosswords
Two businessmen who ran restaurants in Lichfield and Stafford have been banned from acting as directors for seven years each. Mizanur Rahman (39) and Sadiqur Rahman (40), ran Panache Restaurants Limited, a restaurant business in Walsall Road, Lichfield, WS13 8JL, and Panache Restaurants (Stafford) Limited, based in Stone Road, Stafford WS13 8JL. The companies went into liquidation on 4 October 2011 with no assets and liabilities of £528,006 (Lichfield) and £307,010 (Stafford). An investigation found that the pair transferred the businesses and assets to new companies run by the directors’ wives for far less than they were worth, on or around the time the companies ceased trading and instructions were given to place them into liquidation. This was at a time when the directors were aware of an impending inspection due by HMRC. The transfer of the businesses and assets were done with little or no consideration. The new companies traded from the same premises and the directors informed the liquidator that the asset sale price was £15,000 plus VAT for each company. However, there was no evidence in the accounting records of either of the liquidated companies to show that this was ever paid. The two liquidated companies also failed to make PAYE/NIC and VAT returns and payments to HM Revenue & Customs (HMRC). Although draft management accounts to 31 March 2011 valued the assets of the Lichfield restaurant at £126,840, comprising tangible assets of £71,256 and goodwill of £55,584 and the Stafford restaurant at £99,114, being all tangible assets, no formal valuations were carried out and the directors failed to provide information and documentation to explain how they arrived at the sale figures used prior to the sale. The investigation also showed that unpaid PAYE/NIC liabilities began to accrue from the 2008/09 tax year, for both companies. Following an investigation into the Lichfield company’s tax affairs, which had been ongoing since 2008, HMRC billed the companies for PAYE/NIC of £226,109, giving a total PAYE/NIC claim in the liquidation of £247,644. In addition, the Lichfield company owed VAT of £55,000. The Stafford company owed HMRC PAYE/NIC of £19,948 and VAT of £60,980. The company also breached its obligations to Stafford Borough Council in respect of business rates and council tax. Mizanur Rahman and Sadiqur Rahman gave undertakings to the Secretary of State for Business, Innovation and Skills (BIS), not to promote, manage, or be directors of limited companies until October 2020. Commenting on the disqualifications, Sue MacLeod, chief investigator for Insolvent Investigations Midlands and West, said: “The undertakings signed by Mizanur Rahman and Sadiqur Rahman send a clear message to other company directors; if you run a business in a way that is detrimental to either its customers or its creditors you will be in our sights. The Insolvency Service will investigate you and you could be removed from the business environment.”


I wonder what happened to these families....
 
Top