Case details for Ceri Jason JOHN

Name: Ceri Jason JOHN

Name: C AND N AUTOMOTIVE TRADE LTD

Date of Birth: 29 / 6 / 1971

Date Order Starts: 17 / 8 / 2018

Disqualification Length: 7 Years 0 Month(s)

CRO Number: 08017160

Last Known Address: 10 Clos yr Erw, , , , PENARTH, CF64 3RR

Conduct: Ceri Jason John (ďMr JohnĒ) failed to ensure that C and N Automotive Trade Ltd (ďC and NĒ) maintained and preserved adequate accounting records, or alternatively, he has failed to deliver up to the liquidator such records as were maintained. Due to the inadequate accounting records for the period between 01 May 2015 and 16 February 2017, the date of liquidation, it is not possible to:

  • Determine in the absence of sales invoices or cash records the source of C and Nís income and expenditure between 01 May 2015 and liquidation
  • Determine the movement of stock recorded in the accounts of 30 April 2015 with a value of £120,000
  • Determine the location of or any sale proceeds of third party vehicles with a claimed value of £173,675
  • Determine that all cash receipts are accounted for and that the monies have been applied for the companyís benefit
  • Determine the purpose of payments totalling £49,637 to Mr John from C and Nís bank account between 01 May 2015 and 07 November 2016 , confirm that it was for legitimate company expenditure and determine whether any of the payments should been accounted for through the directorís loan account
  • Determine the purpose of cash withdrawals with a total value of £19,575 that were made from C and Nís bank account between 17 May 2015 to 25 October 2016 and confirm that it was for legitimate company expenditure
  • Determine the purpose of online payments made to N A John from C and Nís bank account totalling £13,150 during the period 05 May 2015 and 25 May 2016 and confirm that it was for legitimate company expenditure
  • Determine the purpose of unidentifiable transactions from C and Nís bank account totalling £8,060 made during the period 19 May 2015 to 08 November 2016 and confirm that it was for legitimate company expenditure
  • Determine what salary, loans, dividends and other benefits were paid to Mr C John
  • Verify the balance outstanding on the directorís loan account at liquidation
  • Determine the asset position of C and N at the date of liquidation
  • In the absence of returns or other records verify the liabilities owed to HMRC and trade creditors at the date of liquidation Verify the cause of C and Nís insolvency and the decline in C and Nís financial position from a solvent balance sheet of £93,000 at the date of the last accounts of 30 April 2015 to a deficiency of £346,564 at the date of liquidation 

    This information is correct as at 11 / 4 / 2019



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

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