Case details for OLAITAN VICTORIA EGBEWOLE

Name: OLAITAN VICTORIA EGBEWOLE

Name: JENISSI LIMITED

Date of Birth: 30 / 7 / 1975

Date Order Starts: 26 / 10 / 2018

Disqualification Length: 5 Years 0 Month(s)

CRO Number: 06395536

Last Known Address: 3 STONECHAT MEWS, , , , GREENHITHE, DA9 9TY

Conduct: Olaitan Victoria Egbewole (“Miss Egbewole”) caused Jenissi Limited (“Jenissi”) to trade to the detriment of HMRC from March 2013 until the cessation of trading on 15 April 2016 resulting in £56,158 being due to HM Revenue & Customs (“HMRC”) in respect of Value Added Tax (“VAT”) and Corporation Tax (“CT”) at liquidation. In that: VAT

  • VAT of £3,849.75 was due for the 01/13 VAT period which should have been paid by 07 March 2013, at the latest;
  • Jenissi filed further VAT returns for the periods 04/13 to 07/15 totalling £27,498.96, including 2 nil returns for the 07/14 and 10/14 periods. In the absence of further returns HMRC raised assessments to the cessation of trade totalling £8,794 for the 10/15, 01/16 and 04/16 periods;
  • Jenissi made payments totalling £5,111.20 against these returns;
  • HMRC applied surcharges of £5,443.93 in the absence of returns and/or payments being made by Jenissi;
  • at the date of liquidation, HMRC were owed £40,475.44 in respect of VAT. CT
  • CT of £4,670 is outstanding for the accounting period ended 31 October 2012, which should have been paid by 01 August 2013, at the latest;
  • no payments were made for the accounting periods ended 31 October 2013 and 31 October 2014, the last payment being made on 20 December 2013, which HMRC allocated to the accounting period ended 31 October 2012;
  • at the date of liquidation, HMRC were owed £12,385 in respect of CT. Director’s drawings
  • as at 31 October 2012, she owed Jenissi £35,806 in respect of the overdrawn balance on her loan account;
  • professionally prepared accounts of Jenissi’s trading show that during the year ended 31 October 2013, she received remuneration of £8,750 and dividends of £17,000. The overdrawn balance on her loan account increased by £23,394 in the same period.
  • professionally prepared accounts of Jenissi’s trading show that during the year ended 31 October 2014, she received remuneration of £9,000 and dividends of £12,000. The overdrawn balance on her loan account increased by £3,294 in the same period.
  • as at 31 October 2014, she owed £62,494 to Jenissi in respect of her overdrawn loan account;
  • in the period from 01 November 2014 to cessation, her drawings totalled £91,467. Other creditors
  • in the period from 01 November 2014 to cessation, the amount owed to trade & expense creditors decreased from £24,741 to £50. In the same period, the amount owed to HMRC increased from £10,845 to £56,158 (including national insurance contributions, surcharges and interest). Bank payments
  • in the period from 01 November 2014 to cessation, £128,231 was paid out of Jenissi’s bank account of which £91,467 was paid to or for the benefit of her, £2,073 was paid to HMRC and £7,440 was paid to others. Charitable donations of £27,251 were made in the same period. 

    This information is correct as at 15 / 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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