Case details for ADAM PETER COSBY

Name: ADAM PETER COSBY

Name: IAM Cloud Limited

Date of Birth: 26 / 6 / 1985

Date Order Starts: 24 / 12 / 2018

Disqualification Length: 3 Years 6 Month(s)

CRO Number: 07823744

Last Known Address: 8 Orchard Street, , , , ALTRINCHAM, WA15 8EY

Conduct: 1. Adam Peter Cosby ("Mr Cosby") caused Iam Cloud Limited ("ICL") to trade to the detriment of HM Revenue and Customs ("HMRC") in respect of Pay As You Earn/National Insurance Contributions (“PAYE/NIC”) from at least 19 August 2015 such that the amounts due to HMRC in respect of PAYE/NIC increased by at least £300,865 from £16,744 to £317,609 whilst amounts due to trade creditors increased by £57,739 from £54,779 to £ 112,518. In that: 1.1. ICL largely paid its PAYE/NIC liabilities on time until month 3 of 2015/16. Thereafter it paid months 3 and 4 of 2016/17 in full. 1.2. As a result ICL's liabilities for PAYE/NIC remain unpaid from 19 August 2015 in the amount of £317,609 (including interest). Other creditors 1.3 Between 19 August 2015 and the date of Administration the amounts due to HMRC in respect of PAYE/NIC increased by at least £300,865 from £16,744 to £317,609 whilst amounts due to trade creditors increased by £57,739 from £54,779 to £112,518. 1.4 Between 19 August 2015 and the date of Administration ICL paid its trade creditors £797,449 and paid HMRC £55,525 in respect of PAYE/NIC liabilities. 

This information is correct as at 5 / 12 / 2018



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