Luxury car company founded by Thomas 'Bomber' Kavanagh to conceal drugs cash is shut down
'The 53-year-old, a key ally of cartel boss Daniel Kinahan, faces up to 20 years in prison when he comes before Ipswich Crown Court in March'
A luxury car sales company founded by mob boss Thomas 'Bomber' Kavanagh in a bid to conceal the origins of his drugs cash has been shut down by authorities in the UK.
TK Motors Birmingham was dissolved by compulsory order three months ago following a warning that the UK government intended to seize its assets once closed.
UK company authorities had been trying to shut the company since 2017, when Bomber was convicted of using it to conceal his illegitimate earnings.
The 53-year-old, a key ally of cartel boss Daniel Kinahan, faces up to 20 years in prison when he comes before Ipswich Crown Court on March 25 for importing €32 million worth of cartel drugs through the UK.
Now, in the latest blow to the 53-year-old, official documents obtained by this newspaper show TK Motors Birmingham was subject to compulsory dissolution by the UK Registrar of Companies on September 21.
An official strike-off date of September 13 2021 was also recorded.
Moves to terminate the company commenced in earnest in 2017 when the Company Registrar first warned it would "be struck-off."
But closure moves were effectively blocked until March last year by repeated objections from the company.
The Company Registrar's closure bids included the warning to the 'shareholders' that its assets would be seized. Officials carried through on the threat on September 21 when they enforced its compulsory dissolution.
Details of how drug trafficker Kavanagh used the company to present himself as a legitimate businessman emerged during a hearing before Stafford Crown Court in February 2017.
The court heard Kavanagh had claimed to be a self-employed motor dealer, trading as TK Motors (Birmingham) Ltd since at least 2009. But UK Revenue and Customs (HMRC) began looking into his financial affairs after an examination of his VAT returns raised concerns.
When they did so, they could find no self-assessment tax return or other employment tax record between 2005 and 2011.
Further investigations by HMRC discovered Kavanagh had re-mortgaged his family home in 2012 by claiming he worked as a transport manager for a separate Birmingham company.
He supplied the Coventry Building Society with fake payslips showing he earned nearly £110,000 as an employee in the 2010-2011 tax year.
All the documents he submitted were false, using fake PAYE references, and forged P60 end-of-year paperwork.
Kavanagh admitted the fraud and was sentenced to 16 months jail, suspended for two years, given a 150-hour unpaid community work order and a curfew for two months.
Gardai believe that the Birmingham faction led by Kavanagh was linked to the Kinahan crime cartel in the same way as was the Byrne organised crime group in Dublin.
His sentence hearing has been hit with a series of delays along with those of his co-accused Gary Vickery and Daniel Canning.
Part of the delay has been caused by Covid travel restrictions after both Vickery and Canning were given bail which allowed them to go to Lanzarote and Dublin respectively.
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