Case details for Jamie Christopher BUSBY

Name: Jamie Christopher BUSBY

Name: RUSCOMBE CONSTRUCTION AND DEVELOPMENTS LIMITED

Date of Birth: 31 / 5 / 1970

Date Order Starts: 31 / 5 / 2019

Disqualification Length: 3 Years 5 Month(s)

CRO Number: 08505523

Last Known Address: 187 London Road,, Ruscombe,, , , READING,, RG10 9HG

Conduct: From at least 07 December 2015 Jamie Christopher Busby (“Mr Busby”) failed to ensure that Ruscombe Construction and Development Ltd ("Ruscombe") complied with its obligations to HM Revenue & Customs ("HMRC") as regards VAT and PAYE/NIC/CIS and caused Ruscombe to trade to the detriment of HMRC as a consequence of which HMRC are owed at least £333,323 and are the single largest creditor in the liquidation. In particular: VAT

  • Ruscombe made only two payments totalling £10,000 against VAT due under its VAT return for the quarter 10/15 (which should have been paid in full by 07 December 2015) leaving £3,996 outstanding at liquidation plus a surcharge of £1,400.
  • Ruscombe failed to make any payments in relation to VAT returns for the five consecutive quarters 01/16 to 01/17 which showed a total liability of £66,345, all of which remained outstanding at liquidation plus associated surcharges of £9,952.
  • HMRC issued Assessments for the final two quarters 04/17 and 07/17 (part quarter) for a total sum of £35,322 all of which remained outstanding at liquidation plus an associated surcharge of £2,985.
  • At liquidation £119,983 was due in relation to VAT and surcharges. PAYE/NIC/CIS
  • Ruscombe met its PAYE/NIC liability in full for the 2014/2015 tax year but left outstanding interest of £1,315;
  • Ruscombe's liability for the 2015/2016 tax year was £148,865 and Ruscombe made payments/received credits of £89,119 leaving a balance of £59,746 due at liquidation plus interest of £1,720;
  • Ruscombe's liability for the 2016/2017 tax year was £188,149 and Ruscombe made payments/received credits of £68,892 leaving a balance of £119,257 due at liquidation plus interest of £218; and
  • Ruscombe's liability for the final (part) 2017/2018 tax year (i.e. being the 2 month period to the cessation of trading in May 2017) was £34,069 and Ruscombe received credits of £3,000 leaving a balance of £31,069 due at liquidation.
  • The total liability at liquidation was therefore £213,324; reallocation of payments/credits to the earliest unpaid liability results in month 1 of 2016/2017 tax year being part-paid and months 2-12 of 2016/2017 and 1-2 of 2017/2018 being outstanding in full. Different Treatment
  • HMRC are the largest creditor in the liquidation with a claim of £333,323 which began accruing on 07 December 2015 when the VAT return for 10/15 fell due.
  • The only other known creditors at liquidation are two trade creditors: the first has a claim for £13,200 which relates to unpaid invoices from 30 November 2016 onwards and the second has a claim for £60,757 which relates to unpaid invoices dated 30 September 2015 onwards but which the director states relates to supplies in 2016 that were invoiced later.
  • A bank analysis provided by Ruscombe's accountants for the period 05 May 2016 to the date of liquidation shows payments of £1,434,381. During the same period HMRC's ledgers show: - no payments were made in respect of VAT - £112,601 was paid in relation to PAYE/NIC/CIS (of which £65,893 was allocated to the 2016/2017 tax year and £46,708 was allocated to the 2015/2016 tax year arrears). 

    This information is correct as at 10 / 5 / 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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