Case details for Michael Barrett

Name: Michael Barrett

Name: Sense Property Management Ltd

Date of Birth: 27 / 9 / 1969

Date Order Starts: 30 / 3 / 2022

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 08831974

Last Known Address: Sutton House, Main Street, , , Cotesbach, LE17 4HX

Conduct: Mr Michael Barrett (“Mr Barrett”) caused Sense Property Management Ltd (“Sense”) to make payments between 27 July 2020 and 12 August 2020 benefiting either himself or a connected company totalling £41,807, when he knew or ought to have known that Sense was insolvent, to the detriment of HM Revenue & Customs (“HMRC”). a) Sense’s last accounts, to 31 March 2019, approved by Mr Barrett on 19 December 2019, showed Sense made a loss before tax of £16,533 and had net liabilities of £16,177; b) Bank statements show a final receipt of £7,600 from Sense’s factors on 09 April 2020. Sense’s statements detail three further receipts prior to liquidation on 26 January 2021, a Bounce Back Loan (“BBL”) of £50,000 received on 08 July 2020, and receipts of £222 and £162 on 05 August 2020 and 24 August 2020 respectively. Following receipt of the BBL, Sense’s bank account had a credit balance of £44,664; c) At the date of receipt of the BBL, Sense had outstanding liabilities to HMRC totalling at least £74,980. Sense made no payments to HMRC in respect of these liabilities, which remained unpaid at liquidation; d) Between 27 July 2020 and 12 August 2020 Sense made payments to, or benefiting, a connected company totalling £31,307, £22,666 of which was in respect of monies owed to that company. On 30 July 2020 Sense made a further payment of £10,500 in respect of a debt personally guaranteed by Mr Barrett; e) Sense entered liquidation on 26 January 2021 owing £183,877 to creditors, including at least £75,829 to HMRC, £15,000 to the connected company and £50,000 in respect of the BBL. 

This information is correct as at 10 / 3 / 2022



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