Following the investigation, Mr S*******, whose company provided Home Information Packs and marketing services to estate agents, did not dispute that he failed to ensure the company maintained, preserved or delivered up adequate accounting records.

The company operated through Mr S*******’s personal and other bank accounts, and as a result it has not been possible to:-

· establish the financial position, income and expenditure or the use of company funds at any point during its trading and why the computerised bank report showed £76,098 as being in the bank at 2 March 2010 when in fact the balance was £22.

· verify how much the company owed HM Revenue & Customs (HMRC) at Liquidation in unpaid VAT liabilities.

Mr S******* also did not dispute that he failed to ensure the company complied with its statutory obligations to file VAT and PAYE returns to HMRC and to pay VAT and PAYE, with at least £59,716 owing at the date of liquidation).

Claire Entwistle, Director of Company Investigations North, said: -

“Failure to adhere to the basic requirements of business practice by keeping full records, ensuring company funds can be clearly accounted for and properly complying with taxation liabilities will be severely dealt with by The Insolvency Service. The protection afforded by limited liability is based on company directors meeting their duties and obligations and if they fail to do so, this protection will be withdrawn.”

 It makes interesting reading !!!

 He did not contact me at all until I contacted him after a month had passed. Since then he has booked appointments for me to go and see him, tho always fails to turn up, I have had several phone conversations with him and loads of e mail correspondance, but despite him telling me he is going to pay up, he never does, instead all I get is lies. Can you think of a way I can go forward with this matter, its not a vast amount of money involved, but at the moment it makes all the difference to me and my partner as we are now pretty skint and may have to return back to the UK, all this by not knowingly getting involved with this liar, thieve and fraudster.

Thanks you for listening, Regards, Steve and Anita.