Case details for Eyitayo Olusina AKINMADE

Name: Eyitayo Olusina AKINMADE

Name: THEPROPERTYHUB.COM LIMITED

Date of Birth: 13 / 5 / 1976

Date Order Starts: 5 / 3 / 2019

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 05192688

Last Known Address: 124 Glencoe Road,, , , , HAYES,, UB4 9SN

Conduct: In the period quarter ending October 2014 to the date of Liquidation, 25 September 2017, Mr Eyitayo Olusina Akinmade (“Mr Arkinmade”) caused ThePropertyHub.com Limited (“TPH”) to trade to the detriment of HM Revenues and Customs, (“HMRC”) in respect of Value Added Tax (VAT) and Corporation Tax (CT) resulting in HMRC submitting a claim in the Liquidation of £81,428. VAT At quarter ending October 2014 ThePropertyHub.com already had a balance outstanding of £21,224 due from previous VAT quarters. In the period ending October 2014 to July 2017, TPH submitted 11 returns resulting in a VAT liability of £39,223. HMRC raised two assessments for quarter ending April 2016 and July 2016 in the total sum of £7,232. HMRC applied further surcharges of £4,007. HMRC raised an assessment for quarter period ended October 2017 in the sum of £4,526: as this payment fell due on 07 January 2018, after TPH had ceased trading the Insolvency Service has not criticised this assessment figure. In the period ending October 2014 to July 2017, of the total VAT due of £71,686, TPH made three payments in the total sum of £8,428, leaving a balance of £63,258 that remained outstanding at the date of Liquidation. Corporation Tax In the period ending 31 July 2013 a total of £2,233 was due in respect of Corporation Tax, however no payments were made and HMRC applied penalties of £647 for the period. In the period ending 31 July 2014 a total of £2,855 was due in respect of Corporation Tax, however no payments were made to HMRC against the amount. TPH had further outstanding penalties for period ending 31 July 2009 to 31 July 2011 in the total sum of £6,576. HMRC applied further interest of £1,333. A total of £13,644 remains outstanding to HMRC in respect of Corporation Tax. Comparative treatment Accounts show that HMRC has consistently increased from year ending 31 July 2013 to year ending 31 July 2016 from £21,377 to £44,509 and also remained the only creditor in the accounts until the date of Liquidation. At the date of Liquidation, Trade Creditors were recorded in the statement of affairs as being owed £450 whilst HMRC’s claim in the Liquidation is £76,902. 

This information is correct as at 20 / 2 / 2019



If you believe this page contains any errors, please email civil.proceedings.team@insolvency.gov.uk with details of the error that you have found.