Case details for Thomas MCDONNELL

Name: Thomas MCDONNELL


Date of Birth: 12 / 2 / 1972

Date Order Starts: 27 / 11 / 2018

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 07791401


Conduct: Thomas McDonnell (“Mr McDonnell”) failed to ensure that Pinner Construction Ltd (“Construction”) made payments when due to HM Revenue & Customs (“HMRC”) and caused or allowed Construction to trade to the detriment of HMRC from at least 07 December 2014 in relation to VAT, and from at least 22 June 2015 in relation to CIS, PAYE and NIC, resulting in a liability of at least £540,978 to HMRC at the date of the liquidation in that: VAT

  • Value Added Tax (“VAT”) liabilities totalling £240,138 are outstanding for the 9 quarters ended 10/14 through to 10/16 together with surcharges totalling £4,395, resulting in an overall VAT liability of £244,533.
  • The VAT liability for the quarter ending 10/14 was due for payment by 07 December 2014; CIS/PAYE/NIC
  • HMRC information shows that Construction Industry Scheme (“CIS”), Pay As You Earn tax (“PAYE”) and National Insurance Contributions (“NIC”) liabilities totalling £278,268 are outstanding for the tax years 2015/2016 and 2016/2017 along with interest of £391. If payments are allocated to the earliest outstanding liabilities, Construction’s CIS and PAYE/NIC debt has been incurred from the month ending 05 June 2015, due for payment by 22 June 2015 ; DIFFERING TREATMENT
  • At Liquidation, Construction had unsecured creditors totalling £919,627, comprising its HMRC liability of £540,978, £110,000 claimed by a director, and £268,649 owed to trade creditors;
  • Net payments from the company’s bank account from 07 December 2014 to 21 November 2016 total £4,231,960, of which at least £1,941,885 was paid out in wages, at least £1,779,334 to trade and expense creditors, and at least £323,200 net to a director. During the same period, HMRC received payments totalling £96,250;
  • The trade creditors outstanding at liquidation, totalling £268,649, received payments from Construction totalling £629,665 between 07 December 2014 and liquidation on 21 November 2016. 

    This information is correct as at 6 / 11 / 2018

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