Case details for ANTHONY GEORGE DAVIES

Name: ANTHONY GEORGE DAVIES

Name: Riobex Consulting Ltd

Date of Birth: 19 / 6 / 1966

Date Order Starts: 1 / 8 / 2019

Disqualification Length: 3 Years 6 Month(s)

CRO Number: 08482812

Last Known Address: 76 DERBY WAY, , , , STEVENAGE, SG1 5TH

Conduct: Antony George Davies failed to ensure that Riobex Consulting Limited (“Riobex”) met its financial commitments to make full and timely payments to HM Revenue and Customs (“HMRC”) in respect of its VAT liabilities from at least 07 March 2017 and caused Riobex to continue trading whilst using company funds for his own benefit. As a result Riobex traded to the detriment of HMRC and to his benefit from at least 07 March 2017 to 09 August 2018, the date of Liquidation, in that:

  • Between October 2016 and the date of Liquidation, the company submitted 7 VAT returns totalling £29,772. HMRC issued surcharges totalling £5,368 in respect of these VAT returns.
  • HMRC raised 2 assessments covering the VAT periods 07/18 and 10/18 totalling £8,038 including surcharges of £1,874.
  • Two payments were made by the company of £4,000 and £5,714 on 07 August 2017 and 09 March 2018, which allocated as against the earliest VAT liabilities result in an outstanding liability of £2,725 from the VAT tax period ending 01/17, which was due and payable by 07 March 2017 and remained outstanding at the date of Liquidation.
  • The remaining VAT liabilities from the 04/17, 07/17, 10/17, 01/18, 04/18, 07/18 and 10/18 totalling £39,893, including surcharges remained outstanding at the date of Liquidation.
  • On 22 June 2018, HMRC issued a petition, for the indebtedness of £98,643, which included both VAT and corporation tax liabilities. The VAT liabilities in the petition total £26,806 for the VAT periods ending October 2016 to October 2017.
  • He was served with the petition on 04 July 2018 and subsequently met with an Insolvency Practitioner on 09 July 2018, with Riobex ceasing to trade on the same date.
  • On 10 July 2018, a payment of £12,600 was received into the company’s bank account and on the same date a payment of £6,000 was made to his personal account.
  • Between 11 July 2018 and the date of Liquidation, further payments totalling £6,484 were made from the bank account, of which £4,925 was made to him, £749 appears to have been for non-business related expenses, £803 paid to trade and expense creditors. No monies were paid to HMRC in respect of its VAT liability.
  • HMRC’s claim includes VAT liabilities of £36,278 and surcharges of £6,340. Different Treatment
  • Professionally prepared unaudited accounts show that in the year ended 30 April 2017, he received remuneration of £8,061 and the balance on his overdrawn Director’s Loan Account (“DLA”) was £71,559. These accounts record total creditors of £79,796, of which £64,517 related to corporation tax, £15,035 related to VAT and £234 was for other creditors.
  • Riobex’s bank statements show that between 01 May 2017 and 01 August 2018, the date of the last transaction on the bank statements, payments made from the company’s bank account totalled £173,409, of which payments totalling £143,952 were paid to his personal bank account, £8,328 appears to have paid in respect of non-business expenses, £10,897 was paid to trade and expense creditors, £390 was made in cash withdrawals, whilst two payments totalling £9,714 was paid to HMRC in respect of VAT.
  • Following liquidation HMRC claimed £114,811 in respect of VAT (£42,618), Corporation Tax (£67,977), PAYE/NIC £101 & interest (£4,115). 

    This information is correct as at 12 / 7 / 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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