Case details for STEPHEN PINSKER

Name: STEPHEN PINSKER

Name: RELEASE TESTING SERVICES LIMITED

Date of Birth: 19 / 9 / 1965

Date Order Starts: 12 / 11 / 2018

Disqualification Length: 3 Years 6 Month(s)

CRO Number: 06165958

Last Known Address: 4 CHEYNE COURT, QUAY LANE, , , SUDBURY, CO10 0JE

Conduct: Stephen Pinsker (“Mr Pinsker”) caused Release Testing Services Limited (“Release Testing) to trade to the detriment of HM Revenue & Customs (“HMRC”), failing to make payments as and when due from at least 07 May 2015 in respect of VAT and from 01 January 2016 in respect of other taxes due, whilst continuing to draw dividends and increase his overdrawn director’s loan account, in that:

  • Release Testing commenced trading in 2007 and was placed into liquidation on 07 September 2017. VAT
  • At the date of liquidation, Release Testing owed VAT outstanding from the quarter ended 31 March 2015 and in respect of every quarter thereafter excepting that ended 30 September 2015.
  • With the result that at the date of liquidation, according to HMRC’s records, Release Testing owed a total of £44,407.88 in VAT, together with surcharges thereon totalling £4,764.59.
  • The last payment made in respect of VAT was £4,000.00 on 29 March 2016. Corporation Tax (“CT”)
  • CT of £16,473.45 was due to be paid in respect of the year ended 31 March 2015, by 01 January 2016. Whilst £13,000.00 was paid on 15 December 2016, being the last payment made in respect of CT, £3,543.75 (including £100.00 penalty) remained outstanding at liquidation.
  • CT of £20,298.95 was due to be paid in respect of the year ended 31 March 2016, by 01 January 2017, all of which remained outstanding at liquidation.
  • Further CT of at least £14,371 was due in respect of the year ended 31 March 2017. PAYE/NIC
  • In addition, PAYE & NIC totalling £657.79, remained outstanding, the last payment of £2,809.89 having been made on 12 May 2017. Comparative treatment
  • During the year ended 31 March 2016, he drew a total of £99,532 by way of salary, dividend and increase in his overdrawn director’s loan account.
  • At 31 March 2016, Release Testing owed HMRC a total of £63,871 and amounts owed to other creditors totalled £3,168. His overdrawn loan account totalled £41,396.
  • During the year ended 31 March 2017, he drew a total of £98,992 by way of salary, dividend and increase in his overdrawn director’s loan account.
  • Analysis of Release Testing’s bank account shows income of £74,481.32 over the period 01 April 2017 to liquidation, of which he drew £60,900.00.
  • At liquidation, HMRC’s records show they were owed at least £74,610.14, whilst the sworn Statement of Affairs shows other creditors of £25.00, with his overdrawn director’s loan account balance estimated at £62,288. He has repaid a total of £3,750. 

    This information is correct as at 29 / 10 / 2018



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

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