10:47 am, July 2, 2026
An accountant accused of defrauding failed supercar dealer GVE London out of 750,000 is set to stand trial – although not for another four years!
Sarena Youssuf is accused of abusing her position at the retailer and making unauthorised payments, totalling £750,145 to a number of bank accounts, including her own.
The BBC reports that she has also been accused of stealing a chequebook and using criminal property, namely £679,092, between January 2021 and January 2025.
The 37-year-old appeared at Isleworth Crown Court yesterday (Wednesday), where she pleaded not guilty to charges of fraud, theft and using criminal property.
She was released on bail ahead of a trial but Judge Fiona Barrie said a backlog in the court system means that her hearing won’t take place until October 2030.
Addressing the defendant, of Silvertown, east London, Judge Barry said: ‘I am sorry about that, I appreciate that that’s years away.
‘The reason for that is we have a huge backlog in the Crown Court and have to give priority to those in custody.’
The trial will now get underway on 21 October 2030 – a full 1,573 days after yesterday’s court hearing.
What went wrong at GVE?
The business, based in Uxbridge, specialised in the sale of super and hypercars – selling a large number of them on a sale or return basis.
Once sold, customers would expect to be paid for their cars at the agreed price at the point of consignment and the supercar dealer would pocket the difference. This would cover their work and any warranty claims.
However, the model appears to have failed spectacularly, leaving the firm teetering on the brink of collapse.
Once news of the potential administration broke, customers with cars enlisted for sale with the business began turning up at the premises in an attempt to get them back.
One video of the dealership site, seen by Car Dealer, showed large crowds of customers huddled outside the various entrances to the dealership on the Trade City Business Park, Uxbridge.
Earlier this year, the firm began selling off assets as administrators looked to recover funds for creditors.
Car Dealer reported back in October that Arvindar Jit Singh and David Hinrichsen of FRP Advisory had been appointed as administrators of the stricken firm, after their predecessor walked out after just 22 days.
At the time, it was reported that the business had 14 company creditors, owed a combined £449,111.89, as well as nine consumer creditors, to whom GVE owed £700,869.30.
Prior to the crisis, Car Dealer visited GVE London as part of our Selling Supercars series. You can watch the full video below:
