Case details for David Russell WEIR

Name: David Russell WEIR


Date of Birth: 5 / 6 / 1979

Date Order Starts: 30 / 5 / 2019

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 08086968

Last Known Address: 34 Lindbergh Road,, , , , WALLINGTON, SM6 9HB

Conduct: David Russell Weir (Mr Weir) failed to ensure that David Weir Limited met its financial commitments as regards to Corporation Tax and S455 Tax and caused the company to continue trading whilst withdrawing funds for the benefit of himself. As a result the company became unable to meet its financial commitments to HMRC as and when they became due at the latest from 01 March 2014 and at Liquidation there was £49,469 due to HMRC in respect of Corporation Tax and Section 455 tax.

  • David Weir Limitedís financial year ended on 31 May with its first trading period ending 31 May 2013. Corporation tax of £33,817 was due on that first period of trading with payment due by 1 March 2014.
  • He failed to cause David Weir Limited to make any payment of Corporation tax until 13 June 2014 when a payment of £1,000 was made, a further partial payment of £5,000 was paid on 16 September 2014 and a final partial payment of £24,000 was made on 13 March 2015. A total of £30,000 was paid against the first period of trading in respect of which £3,817 remained outstanding. No further payments of Corporation Tax or Section 455 Tax were made prior to Liquidation on 8 February 2017.
  • During David Weir Limitedís period of trading you received an estimated £409,931 from the company whilst only causing the company to make payments of £30,000 to HMRC in respect of Corporation Tax. This was from turnover of an estimated £575,675.
  • On 25 November 2016 he emailed the company accountant stating that he had decided that he needed to abandon the company, despite this he received the benefit of £25,780 from the company after that date and made no payments in respect of Corporation Tax.
  • At Liquidation £3,817 remained outstanding in respect of Corporation Tax for the period ended 31 May 2013, £18,866 for the year ended 31 May 2014 and £24,009 for the period ended 31 May 2015. A total of £46,691 plus interest of £2,778. David Weir Limited entered Liquidation on 08 February 2017, HMRCís claim in the Liquidation totalled £79,080 of which £49,469 related to Corporation Tax and Section 455 Tax including interest. 

    This information is correct as at 10 / 5 / 2019

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