Case details for Christopher FERRUCCI

Name: Christopher FERRUCCI

Name: AC ENGINEERING (SURREY) LIMITED

Date of Birth: 11 / 1 / 1984

Date Order Starts: 27 / 6 / 2022

Disqualification Length: 3 Years 6 Month(s)

CRO Number: 08893787

Last Known Address: 38 Grange Road,, , , , GUILDFORD,, GU2 9PY

Conduct: From 07 May 2016 to 29 October 2020, the date of liquidation, Christopher Ferrucci (“Mr Ferrucci”) failed to ensure that AC Engineering (Surrey) Limited (“ACE”) complied with its statutory obligations to submit all returns and make payments when due to Her Majesty’s Revenue and Customs (“HMRC”) with regards to Value Added Tax (“VAT”), Corporation Tax (“CT”), Construction Industry Scheme (“CIS”) and Pay As You Earn (“PAYE”) and caused ACE to trade to the detriment of HMRC from at least 1 February 2017, resulting in liabilities of at least £193,886 in that: Value Added Tax (“VAT”) • Between VAT periods 03/16 and 12/19 one VAT return was submitted for period 03/19 resulting in a liability of £7,627. The return for the period 03/16 was due to be filed, with payment, by 07 May 2016. • Assessments were raised by HMRC for the periods 03/16-12/18 and 06/19-12/19 resulting in liabilities of £36,936 and surcharges of £1,745. • A payment of £3,076 was made on 10 October 2018. No further payments were made. • Actual VAT liabilities were calculated by ACE’s accountant from information obtained from ACE’s own records up to 31 July 2019. The VAT liabilities accrued as follows: Year ended 31 July 2016 £ 4,617 Year ended 31 July 2017 £32,421 Year ended 31 July 2018 £38,897 Year ended 31 July 2019 £27,862 Corporation Tax “CT” • CT returns were submitted for periods ended 31 July 2017 and 31 July 2018 resulting in liabilities of £48,399. Payment for the period ended 31 July 2017 fell due on 01 May 2018. • No return was submitted for the period 01 August 2018 to 31 July 2019 resulting in a penalty of £200. No payments were made towards the outstanding liabilities. PAYE/CIS • Between 05 May 2016 and 05 July 2020, returns for CIS and PAYE were submitted without payment, resulting in liabilities of £54,272 for CIS and £1,357 for PAYE, which began to accrue from 22 May 2016 and 22 January 2017 respectively. No CIS returns were submitted for periods 05 February 2017 to 05 April 2017. • Fixed penalties and interest totalling £841 were applied by HMRC between 15 September 2016 and 04 March 2019. Credits of £6,725 were also applied between 22 April 2018 and 19 October 2020. • Payments totalling £8,102 were made between 09 October 2018 and 01 March 2019. • Based upon the accountant’s figures, ACE’s liability to HMRC in respect of PAYE/CIS was £41,490. • At liquidation, the liabilities to HMRC were £103,797 for VAT, £48,599 for CT and at least £41,490 for PAYE/CIS. Different treatment • Analysis of ACE’s bank statements for the period 01 February 2017 to 19 November 2018 and 25 January 2019 to 30 June 2020 shows that payments of £936,887 were made from the account of which £10,102 was paid to HMRC, £715,528 was paid to other parties, whilst £211,257 was paid to bank accounts held solely by him or jointly with another. At liquidation, ACE’s total liabilities were £222,626 of which £193,886 was owed to HMRC. 

This information is correct as at 9 / 6 / 2022



If you believe this page contains any errors, please email legalservices@insolvency.gov.uk with details of the error that you have found.