Case details for DAVID JOHN OLIVER


Name: D J Oliver Property Services Ltd

Date of Birth: 4 / 2 / 1968

Date Order Starts: 25 / 7 / 2019

Disqualification Length: 7 Years 0 Month(s)

CRO Number: 05147242

Last Known Address: 46 Cottage Farm Road, Two Gates, , , Tamworth, B77 1NN

Conduct: 1.David John Oliver failed to ensure that D J Oliver Property Services Limited (“Property”) maintained, and/or preserved adequate accounting records, or in the alternative, he has failed to deliver up sufficient accounting records for the period 1 July 2012 to 1 December 2015. As a consequence of this failure the Liquidator has been unable to: i. Determine the true financial position of Property in relation to company income, expenditure, assets and liabilities. ii. Accurately determine what liability is due to HM Revenue and Customs (“HMRC”) in respect of Value Added Tax (“VAT”). HMRC have raised assessments for VAT totalling £199,445 and it cannot be determined from the information available if this assessment represents the VAT due on the total trade conducted by Property. iii. Accurately determine what liability is due to HMRC if any in respect of Corporation Tax. 2. Mr Oliver failed to ensure that Property complied with its statutory obligations to file VAT returns and/or sufficient documentation and remit monies as and when due to HMRC and caused Property to trade to the detriment of HMRC from at least 07/09/11 to 21/12/15 resulting in a liability of at least £264,064 plus surcharges, interest and penalties of £139,558 due to HMRC at Liquidation in that:

  • Property registered for VAT on 01/10/04;
  • Until, at the latest, November 2012 Property’s only income was rental receipts in respect of a freehold bar premises which it owned;
  • Between, at the latest, November 2012 and December 2015 Property traded as the operator of a licenced bar;
  • On 07/09/11 Property was due to pay £1,384 in respect of its VAT liability for the VAT quarter 07/11. A further liability of £405 for the VAT quarter 10/11 was due to be paid on 07/12/11. These debts remain unpaid;
  • VAT returns were submitted for the quarters 01/13 to 07/13 detailing a liability of at least £10,762 of which £6,745 was paid, leaving a balance of £4,017 due at liquidation;
  • Quarterly assessments totalling £19,889 were issued by HMRC for the VAT quarters 10/13 to 10/14 and surcharges were imposed which remain unpaid;
  • On 18/12/14 an Officer’s Assessment totalling £199,445 plus interest was issued by HMRC for the VAT quarters 01/11 to 10/14 which remains unpaid;
  • Following further assessments and nil returns submitted for the VAT quarters 01/15 to 01/16 an additional debt of £12,465 became due to HMRC which remains unpaid
  • By cessation of trade in December 2015 the VAT debt due to HMRC totalled £237,605 plus surcharges, interest and penalties totalling £139,558
  • Between, at the latest, May 2013 and December 2015 Property had employees and incurred a Pay As You Earn/National Insurance Contribution liability of £27,904. Payments totalling £1,445 were made leaving a balance of £26,459 outstanding at Liquidation.
  • From limited information available bank statements from 19/11/12 to 08/05/15 show receipts of at least £436,012 and payments totalling £436,018. During this period HMRC received payments totalling £8,190.
  • At Liquidation, HMRC are owed at least £411,188 while other creditors comprise £16,685 owed in respect of utilities, £5,791 owed to accountants and £39,000 owed to a loan creditor. 

    This information is correct as at 26 / 7 / 2019

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