Name: PAUL JAMES COOPER

Name: Checkmate New Home Warranty Limited

Date of Birth: 26 / 10 / 1969

Date Order Starts: 25 / 11 / 2022

Disqualification Length: 5 Years 0 Month(s)

CRO Number: 07108633

Last Known Address: 1 Brassey Close, , , , OXTED, RH8 0EX

Conduct: Between 15 December 2017 and 8 January 2018, I caused Checkmate to use the sale proceeds of its main asset to pay £3,216,000 to associated companies , which was to the risk and ultimate detriment of HMRC who had been conducting an investigation since December 2015 into Checkmate’s use of a Remuneration Trust Scheme. By 15 December 2017 HMRC had issued assessments totalling £568,611.65 which had increased by the date of liquidation. Knowledge of HMRC liability Between 29 January 2016 and 15 December 2017 HMRC issued Regulation 80 determinations in respect of PAYE and Corporation Tax assessments totalling £568,611.65 After each determination or assessment Checkmate exercised its right of appeal disputing HMRC’s assessment, and so I knew or ought to have known that HMRC’s claim could result in a liability. Sale of Business On 8 December 2017 I signed a sale agreement with a purchaser on behalf of the company selling future income rights in consideration of a payment by the purchaser of £3,416,125 On 15 December 2017 Checkmate received a sum of £3,416,125 by bank transfer. From 8 January 2018 onwards the company did not receive any trading income and total income of just £2,600. Transactions As at the close of business on 15 December 2017, Checkmate had cash at bank of £3,582,905.79. On 18 December 2017 Checkmate made payments to 2 companies associated with the directors totalling £3,000,000 . On 27 December 2017 Checkmate made payments to 2 companies associated with the directors totalling £216,000. There are no documents in the accounting records of Checkmate to explain the reason for the payments to the associated companies and they were not recorded as creditors in the Statement of Affairs. As a result of these transactions, I caused Checkmate to have insufficient capital to satisfy the contingent liability to HMRC at a time when there was no prospect of Checkmate obtaining future income to satisfy that liability when it became due. 

This information is correct as at 4 / 11 / 2022

Name: Checkmate New Home Warranty Limited

Date of Birth: 22 / 2 / 1951

Date Order Starts: 28 / 11 / 2022

Disqualification Length: 5 Years 0 Month(s)

CRO Number: 07108633

Last Known Address: 21 High Street,, Lavenham,, , , SUDBURY,, CO10 9PT

Conduct: Between 15 December 2017 and 8 January 2018, I caused Checkmate to use the sale proceeds of its main asset to pay £3,216,000 to associated companies , which was to the risk and ultimate detriment of HMRC who had been conducting an investigation since December 2015 into Checkmate’s use of a Remuneration Trust Scheme. By 15 December 2017 HMRC had issued assessments totalling £568,611.65 which had increased by the date of liquidation. Knowledge of HMRC liability • Between 29 January 2016 and 15 December 2017 HMRC issued Regulation 80 determinations in respect of PAYE and Corporation Tax assessments totalling £568,611.65 • After each determination or assessment Checkmate exercised its right of appeal disputing HMRC’s assessment, and so I knew or ought to have known that HMRC’s claim could result in a liability. Sale of Business • On 8 December 2017 I signed a sale agreement with a purchaser on behalf of the company selling future income rights in consideration of a payment by the purchaser of £3,416,125 • On 15 December 2017 Checkmate received a sum of £3,416,125 by bank transfer. • From 8 January 2018 onwards the company did not receive any trading income and total income of just £2,600. Transactions • As at the close of business on 15 December 2017, Checkmate had cash at bank of £3,582,905.79. • On 18 December 2017 Checkmate made payments to 2 companies associated with the directors totalling £3,000,000 . • On 27 December 2017 Checkmate made payments to 2 companies associated with the directors totalling £216,000. • There are no documents in the accounting records of Checkmate to explain the reason for the payments to the associated companies and they were not recorded as creditors in the Statement of Affairs. • As a result of these transactions, I caused Checkmate to have insufficient capital to satisfy the contingent liability to HMRC at a time when there was no prospect of Checkmate obtaining future income to satisfy that liability when it became due. 

This information is correct as at 7 / 11 / 2022

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