Name: BARRY BASSETT

Name: EUROMASTER (ENGINEERING) LIMITED

Date of Birth: 30 / 3 / 1954

Date Order Starts: 14 / 11 / 2022

Disqualification Length: 3 Years 6 Month(s)

CRO Number: 08014580

Last Known Address: 174 Northumberland Avenue, , , , WELLING, DA16 2PY

Conduct: Barry John Bassett caused or allowed Euromaster (Engineering) Limited hereinafter referred to as Euromaster) to trade to the detriment of HMRC in respect of CIS, PAYE/NI from 1 April 2019 and in respect of VAT from 7 May 2020, so as at the date of Liquidation on 7 July 2021 Euromaster had an outstanding liability with HMRC of at least £468,452.20. PAYE: As at 31st March 2019 Euromaster had submitted returns and made payments to HMRC in respect of PAYE/NI/CIS so that £62,158.64 remained outstanding. Between 1 April 2019 and July 2021 Euromaster deducted £379,664.09 of PAYE and £51,611.49 of CIS that was due to be paid over to HMRC. A further £5,426.45 was incurred related to interest, penalties and charges resulting in a total of £436,702.03 being due to be paid to HMRC throughout the period. Between 1 April 2019 and July 2021 Euromaster had Employer Payment Submission deductions totalling £136,921.42 that would be deducted from the amount owing to HMRC. £3000.00 of Employment Allowance was also deducted during the period. Euromaster made payments totalling £39,666.75 towards the amounts outstanding to HMRC between 1 April 2019 and July 2021 so as at the date of Liquidation £319,272.50 remained outstanding to HMRC in respect of PAYE/NIC and CIS. VAT For all periods from 01/13 to 12/19 (29 periods) Returns were submitted mostly on time and all payments made in full. For periods 03/20 to 03/21 (5 periods) 3 returns were submitted totalling £91,550.75. Surcharges totalling £2,954.45 were levied relating to those returns. No payments were made towards those returns or surcharges. During the same period 2 assessments were raised by HMRC as no returns were submitted and those assessments totalled £49,956.00. Surcharges totalling £4,718.50 were levied relating to those assessments. No payments were made towards the assessments or the surcharges. As at the date of Liquidation Euromaster had incurred a liability in respect of VAT with HMRC of £149,179.70 Comparative treatment: Finalised accounts for the year ending 31 March 2019, show trade and other creditors were £174,228 and reduced to £76,238 as at the date of liquidation. Taxation and Social Security creditors were stated as £152,576, which increased to £468,452.20. Between 01 April 2019, being the first day after the last set of accounts filed at Companies House and 09 July 2021, the date of liquidation, excluding contra entries, £3,220,440.56 was paid out of the bank account. Of which; £1,507,986.44 was paid to trade and for business expenses; £860,895.42 was paid for wages; £301,808.00 has been transferred to other company accounts, £209,125.53 has been paid in direct payments to Barry Bassett or for what appears to be to his benefit; £122,971.16 has been paid in direct payments to Richard Berry or for what appears to be to his benefit; while £166,056.81 has been paid to HMRC. 

This information is correct as at 26 / 10 / 2022

Name: EUROMASTER (ENGINEERING) LIMITED

Date of Birth: 7 / 2 / 1957

Date Order Starts: 16 / 11 / 2022

Disqualification Length: 2 Years 6 Month(s)

CRO Number: 08014580

Last Known Address: 48 MAPLINS CLOSE, RAINHAM, , , GILLINGHAM, ME8 8BG

Conduct: Richard Berry caused or allowed Euromaster (Engineering) Limited hereinafter referred to as Euromaster) to trade to the detriment of HMRC in respect of CIS, PAYE/NI from 01 May 2020 and in respect of VAT from 7 May 2020, so as at the date of Liquidation Euromaster had an outstanding liability with HMRC of at least £468,452.20. Between May 2020 and July 2021 Euromaster deducted £222,752.67 of PAYE and £23,365.35 of CIS that was due to be paid over to HMRC. A further £4,593.99 was incurred related to interest, penalties and charges resulting in a total of £250,712.01 being due to be paid to HMRC throughout the period Between May 2020 and July 2021 Euromaster had Employer Payment Submission deductions totalling £64,161.34 that would be deducted from the amount owing to HMRC. Euromaster made a single payment totalling £7,551.78 toward the amounts outstanding to HMRC between May 2020 and July 2021 so as at the date of Liquidation £313,172.48 remained outstanding to HMRC in respect of PAYE/NIC and CIS VAT For all periods from 01/13 to 12/19 (29 periods) Returns were submitted mostly on time and all payments made in full. For periods 03/20 to 03/21 (5 periods) 3 returns were submitted totalling £91,550.75. Surcharges totalling £2,954.45 were levied relating to those returns. No payments were made towards those returns or surcharges. During the same period 2 assessments were raised by HMRC as no returns were submitted and those assessments totalled £49,956.00. Surcharges totalling £4,718.50 were levied relating to those assessments. No payments were made towards the assessments or the surcharges. As at the date of Liquidation Euromaster had incurred a liability in respect of VAT with HMRC of £149,179.70 Comparative treatment: Finalised accounts for the year ending 31 March 2019, show trade and other creditors were £174,228 and reduced to £76,238 as at the date of liquidation. Taxation and Social Security creditors were stated as £152,576, which increased to £468,452.20. Between 01 May 2020, and 09 July 2021, the date of liquidation, excluding contra entries, £1,585,891.67 was paid out of the bank account. Of which; £725,728.17 was paid to trade and for business expenses; £426,190.62 was paid for wages; £244,700.00 has been transferred to other company accounts, £112,615.53 has been paid in direct payments to Barry Bassett or for what appears to be to his benefit; £69,105.57 has been paid in direct payments to Richard Berry or for what appears to be to his benefit; while £7,551.78 has been paid to HMRC. 

This information is correct as at 27 / 10 / 2022

If you believe this page contains any errors, please email legalservices@insolvency.gov.uk with details of the error that you have found.