Case details for Igor Gennadiyevich SMIRNOV

Name: Igor Gennadiyevich SMIRNOV

Name: NAVICOR GROUP LIMITED

Date of Birth: 1 / 1 / 1977

Date Order Starts: 1 / 1 / 2019

Disqualification Length: 8 Years 0 Month(s)

CRO Number: 07338956

Last Known Address: Apt 75, 14 Vorotynskaya St, , , , MOSCOW, RUSSIAN FEDERATION, 125466

Conduct: 1. On 6 June 2014 and 20 May 2015 respectively, Igor Gennadiyevich Smirnov (“Mr Smirnov”) approved misleading accounts for the accounting periods ended 31 August 2013 and 31 December 2014 and caused Navicor Group Limited (“Navicor”) to file those misleading accounts at Companies House:

  • Navicor traded as a fishing agent and he was the sole appointed director from 23 December 2013;
  • on 6 June 2014 and 20 May 2015 respectively, Navicor filed accounts for the periods ended 31 August 2013 and 31 December 2014 in which it was stated that Navicor had been dormant during these periods;
  • on 29 December 2016, he approved audited amended accounts which showed that its turnover in these periods was actually £9,905,583;
  • HMRC have calculated that Navicor should have paid Corporation Tax (“CT”) of £1,376,381 in respects of profits made in these accounting periods;
  • He has told HMRC that he was advised that he did not need to disclose the trading in the UK because it had all taken place offshore, but that he did not take advice on this from a UK professional until early Spring 2016 and that, having been advised that he must declare it, he took steps to prepare and file the amended accounts;
  • Navicor is now in liquidation with no realisable assets. 2. He failed to ensure that Navicor maintained or preserved adequate accounting records for the period between the audited accounts of 31 December 2015 and liquidation on 27 March 2017, or in the alternative, he failed to deliver up such records to the Liquidator. As a result, it has not been possible to:
  • establish and verify the reason for payments to him shown on Navicor’s bank statements of EUR 869,807 between 10 and 23 November 2016, and US$1,062,506 between 23 November 2016 and 4 April 2017;
  • establish and verify the reason for payments shown on Navicor’s bank statements of $US 948,980 between 10 November 2016 and 29 March 2017 to parties whose identities cannot be determined from those bank statements;
  • establish the amount, if any, owed to him who was listed as a creditor in the amount of £216,002 but has not explained, when asked to do so, how this liability arose;
  • no records other than bank statements have been provided to the liquidator in respect of this period;
  • He has been asked to explain the payments but has failed to do so. 

    This information is correct as at 12 / 12 / 2018



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