Case details for PAUL JOHN HYDE

Name: PAUL JOHN HYDE

Name: SEW QUICK MERRY HILL LIMITED

Date of Birth: 10 / 12 / 1952

Date Order Starts: 31 / 12 / 2018

Disqualification Length: 3 Years 6 Month(s)

CRO Number: 08412525

Last Known Address: 427 Himley Road, Gornal Wood, , , DUDLEY, DY3 2SJ

Conduct: Paul John Hyde (“Mr Hyde”) caused Sew Quick Merry Hill Limited (“Sew”) to trade to the detriment of HM Revenue & Customs (“HMRC”) in respect of Value Added Tax (“VAT”), from at least 7 January 2014 when liabilities for Quarter Ending 11/13 fell due to be paid, and Pay As You Earn Tax (“PAYE”) and National Insurance Contributions (“NIC”), from at least 22 April 2014 when liabilities in respect of Tax Year 2013/2014 fell due to be paid, resulting in VAT, PAYE, and NIC liabilities of at least £133,179 at Liquidation. In that:- VAT

  • Sew voluntarily registered for VAT with effect from 20 February 2013.
  • A return was submitted by Sew for the period 11/13 in the sum of £7,313.47. No payment was made by Sew in respect of this liability and the sum of £7,313.47 remains due at Liquidation for this period.
  • Returns were submitted by Sew for the periods 02/14 to 08/16 in the total sum of £74,834. Surcharges were incurred for the periods 08/14 to 08/16 in the total sum of £9,786. Payments totalling £12,988 was made by Sew during these periods. The sum of £71,631 remained due at Liquidation for these periods.
  • Returns were not submitted for periods 11/16, 02/17, and 05/17 and subsequently HMRC raised assessments in the total sum of £18,112 and surcharges of £2,717 for these periods. Payments totalling £8,706 was made by Sew during these periods. The sum of £12,123 remained due at Liquidation for these periods.
  • According to HMRC’s claim the earliest VAT liability is £2,932 for period 11/13, which should have been paid in full by 7 January 2014.
  • The last payment for VAT was £5,206 on 18 November 2016, which was made in respect of period 11/16.
  • At Liquidation a total of £91,067 remains due in respect of Sew’s VAT liabilities. PAYE & NIC
  • For the Tax Year 2013/2014 Sew submitted PAYE & NIC returns in the total sum of £13,675. Sew made no payment towards this liability. The sum of £13,675 remains due at Liquidation for this period.
  • For the Tax Years 2014/2015, 2015/2016 and 2016/2017 Sew submitted PAYE & NIC returns in the total sum of £52,786. Sew made payments totalling £19,773 towards these periods. Additionally the company was in receipt of HMRC Employment Allowances in the total sum of £7,000 for these periods. The sum of £26,013 remains due at Liquidation for these periods.
  • For the Tax Year 2017/2018 Sew submitted PAYE & NIC returns in the total sum of £3,589. Sew made no payment towards these liabilities, although it was in receipt of HMRC Employment Allowances in the total sum of £1,335 for these periods. The sum of £2,254 remains due at Liquidation for this period.
  • Interest of £170 was incurred by Sew for which no payment was made and remains due at Liquidation.
  • According to HMRC’s claim the earliest PAYE & NIC liability is £13,675 for period 2013/2014, which should have been paid in full by 22 April 2014.
  • The last payment for PAYE & NIC was £4,772 on 19 December 2016, which was made in respect of period 2016/2017.
  • At Liquidation a total of £42,112 remains due in respect of Sew’s PAYE & NIC liabilities. Comparative Treatment
  • Sew’s accounts prepared for Year Ended 29 February 2016 list Crown liabilities as totalling £77,991, whilst all other unsecured creditors are listed as totalling £88,076. At Liquidation on 24 July 2017, the Crown liabilities are listed as totalling £139,055, whilst all other creditors are listed as totalling £52,689. 

    This information is correct as at 12 / 12 / 2018



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