Fawaad Sheikh

The E11 BID Co.: strike off discontinued, but accounts still overdue

July 28, 2016 E11 BID Co.

According to Companies House, the Registrar has discontinued the compulsory strike-off of the E11 BID Co.. On the other hand, the visitor who uses the Companies House webpages to check on the E11 BID Co.’s progress is still greeted by the following: As I’ve pointed out before, it does seem strange that an organisation which depends solely for its income on the hard work of local traders, and in the past has been showered with public money, cannot get its accounts in on time. Indeed, this is particularly so because not so long ago the E11 BID Co. was castigated for failing to pay it... »

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STOP PRESS: the E11 BID Co. heads towards being struck off

June 10, 2016 E11 BID Co., Fawaad Sheikh, Waltham Forest Business Board

According to a document made public at Companies House, reproduced below, the E11 BID Co. is now threatened with being compulsorily struck off and dissolved. This blog has covered the troubled and troubling E11 BID Co. before (see links below). The issue now seems to be that the company missed the deadline for filing its 2014-15 accounts, which was 31 March 2016. It really does seem extraordinary that directors who are entirely dependent on other people’s money cannot manage the elementary step of filing properly. Little wonder that those traders in Leytonstone who are forced to financed... »

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LBWF’s relationship with the local business sector: new revelations about the E11 BID Co.

November 13, 2015 E11 BID Co., Fawaad Sheikh, LBWF, Martin Esom

I have written before about LBWF’s relationships with the local business sector, and pointed out that our council appears to treat certain businesses and business organisations rather more favourably than might be expected. Money is handed out, and assets handed over, but there seems to be no great urgency about due process. It is all very relaxed, even informal, and contrasts strikingly with the way that, for example, LBWF commonly interacts with the local community and charity sector (as I can vouchsafe). Against this background, I have been looking again at the legal contracts that LBWF has... »

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Mr. Fawaad Sheikh of the E11 BID Co.: the life and times of a local business leader

August 19, 2015 E11 BID Co., Fawaad Sheikh

Last week’s Waltham Forest Guardian, as has been noted, featured E11 BID Co. board chairman Mr. Fawaad Sheikh pontificating on his dislike of ‘free riders’: http://www.guardian-series.co.uk/news/13587272._I_don_t_like_free_riders___E11_Bid_director_after_sending_bailiffs_to_collect_controversial_levy/ Appropriate modesty is obviously not Mr. Sheikh’s strongest suit. After all, it is a matter of record that under his stewardship the E11 BID Co. was chaotically run, failed to pay its taxes, and accrued various fines and County Court Judgments. And then of course there is the little matter of all... »

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The E11 BID Co. and the re-ballot of 2012: was there full disclosure?

August 14, 2015 E11 BID Co., Fawaad Sheikh, LBWF, Waltham Forest Business Board

The second argument advanced by the refusniks at court can be summarised as follows. Argument Two: at the 2012 re-ballot, the E11 BID Co. failed to make full disclosure, calling into question the validity of the result 1. What follows is based upon two different pieces of evidence. 2. First, under the terms of the Baseline and Operating contracts that they signed in 2008, LBWF and the E11 BID Co. had various obligations, and in particular agreed to: (a) set up a Standard Services Review Panel, which was to meet at least two times ‘in each calendar year…throughout the duration of the BID Term’;... »

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The E11 BID Co. and its debts: the evidence

August 14, 2015 E11 BID Co., Fawaad Sheikh, LBWF, Waltham Forest Business Board

Over recent years, the E11 BID Co. has regularly been in the news, mainly for the wrong reasons. The latest, and most unsavoury episode, saw LBWF, operating on behalf of the E11 BID Co., take local Leytonstone businesses to court, gain a successful adjudication, and then call in the bailiffs, with the Waltham Forest Guardian reporting as follows: http://www.guardian-series.co.uk/news/13506732.Bailiffs_try_to_remove_chairs_and_tables_from_popular_restaurant_in_battle_over_E11_Bid_fees/ This post and its successor look at some of the background. Briefly, for those who don’t follow these th... »

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Private Eye reports the E11 BID Co.

June 18, 2015 E11 BID Co., Fawaad Sheikh, North London Ltd., Private Eye, Waltham Forest Business Board

A little bit out of sequence, but for those who didn’t see it, this story (see ‘Lost in the Forest’, centre column, bottom) is interesting on LBWF and the E11 BID Co., the subject of previous posts. Its from Private Eye no.1388, 20 March-2 April 2015. »

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