Simon Buckley disqualified as a company director director for 3 years

Well, well, well, former gay nightclub boss and brewer of indifferent beer, Simon Buckley, has been banned from acting as a company director for 3 years. 


Case details for SIMON BUCKLEY
Name: SIMON BUCKLEY
Name: Welsh Estates Limited
Date of Birth: 1957-09-02 00:00:00.000
Date Order Starts: 2014-10-20 00:00:00.000
Disqualification Length: 3 Years 0 Month(s)
CRO Number: 05219412
Last Known Address: 2 Abbey Terrace, , , , Llandeilo, SA19 6BD
Conduct: (i) Mr Simon Buckley failed to ensure that Welsh Estates Limited (“Welsh Estates”) complied with its statutory obligations to HM Revenue & Customs (“HMRC”) to file timely returns and make payments from at least 01 November 2007 to the date of liquidation on 26 January 2011. HMRC’s final Value Added Tax (“VAT”) claim at liquidation was £590,522. In particular: 

• VAT returns totalling £147,115 for 13 monthly periods from September 2007 to January 2008, March 2008 to August 2008 and November and December 2008, were not submitted until 2 and 3 April 2009. The oldest outstanding return for the period September 2007 was therefore filed 17 months late, with the earliest outstanding return for the period December 2008 filed 2 months late. HMRC were unaware of these liabilities until those dates, previously considered them to total £40,764 in central assessments.

 • According to HMRC's records no returns were submitted for the months January and February 2009, December 2009 and February 2010 to October 2010 leading to assessments of £325,810. • HMRC raised surcharges totalling £90,078 in respect of the late and non-filed returns of which £67,740 remains unpaid. • From 15 February 2008 to 07 October 2009 HMRC received payments from Welsh Estates totalling £115,750 in respect of VAT. Nothing was paid after 07 October 2009, although the company continued trading until October 2010, leading to estimated arrears before surcharges at liquidation of at least £354,162.

 • If all payments are set against the earliest VAT debt there is still £14,325 due for August 2008, payable in full by 30 September 2008.
 (ii) He caused Welsh Estates Limited (“Welsh Estates”) to trade to the detriment of HM Revenue & Customs (“HMRC”) from at least 01 January 2010 until cessation of trade on or around 31 October 2010 in respect of Value Added Tax (“VAT”) estimated at £156,031.

In particular:
 • On 31 December 2009 Welsh Estates had VAT arrears of £126,756. It subsequently incurred additional VAT liabilities of £156,031. The last payment made by Welsh Estates in respect of VAT was received on 07 October 2009. 

• Bank payments were made between 01 January 2010 and 31 October 2010 of £1,740,796 of which nothing was paid to HMRC in respect of VAT. • Company records show that trade creditors decreased by £256,171 from 01 January 2010 to 31 October 2010 whilst the outstanding VAT increased by £156,031 in the same period. 
This information is correct as at 2014-10-13 00:00:00.000