Case details for Lee David MASON

Name: Lee David MASON

Name: LDM TECHNICAL SERVICES LTD

Date of Birth: 15 / 3 / 1981

Date Order Starts: 1 / 7 / 2022

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 08467149

Last Known Address: 53 Green Park Avenue,, , , , BILSTON,, WV14 6EE

Conduct: Lee David Mason (“Mr Mason”) caused LDM Technical Services Ltd (“LDMTSL”) to misapply monies received in relation to a state backed Covid Support scheme, in breach of the terms of that lending, specifically that the moneys obtained were transferred to and/or utilised for Mr Mason’s benefit, in that: he caused the Company to open a new bank account with in or around January 2020; he further caused the Company to apply for a Government backed Bounce Back Loan (“BBL”) of £17,225, in or around May 2020, which loan was received into that new bank account, which had a nil balance at the time, on 17 May 2020; on 17 & 18 May 2020 Mr Mason caused the Company to transfer the BBL monies to him, in their entirety, in two tranches of £7,225 and £10,000 respectively; Mr Mason failed to ensure that LDMTSL maintained or preserved its accounting and administrative records or, alternatively, has failed to deliver up any that remain in existence. In that: no accounting records have been delivered up to the Liquidator; Mr Mason has stated that all remaining records in existence when LDMTSL ceased trading were subsequently “lost” in the course of moving house. As a consequence it is not possible to examine: the full and true extent of trading; the full and true extent of income and expenditure, with the result that it is not possible to ascertain whether the Company has had the benefit of all sums owed to it or whether all expenditure was for legitimate purpose; the full and true extent of moneys owed by, or to, Mr Mason in relation to any director loan account, particularly in relation to transfers totalling £65,336.36, which comprises a net sum of £43,200.76 paid into an account in Mr Mason’s name between April 2019 and April 2021, a further net sum of £4,910.60, being amounts paid to Mr Mason (as distinct to the anonymous account transfers) in the same period, but after deducting remuneration for the year to 31/03/20 and JRS receipts, plus the amount of the BBL (£17,225). the full and true amount due to HMRC in relation to taxation due on employment, personal benefits and trading activities the cause of failure; and the accuracy of the Statement of Affairs 

This information is correct as at 14 / 6 / 2022



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