Case details for Marc Sebastian SHAW

Name: Marc Sebastian SHAW

Name: LONDON ELECTRICAL (HERTS) LTD

Date of Birth: 27 / 12 / 1973

Date Order Starts: 2 / 5 / 2019

Disqualification Length: 3 Years 0 Month(s)

CRO Number: 08919032

Last Known Address: 1 Nicholls House,, St. Michaels Lane,, , , BRAINTREE, CM7 1EY

Conduct: Marc Sebastian Shaw (Mr Shaw) caused London Electrical (Herts) Ltd to trade to the detriment of HM Revenue and Customs (HMRC) in respect of VAT from at least 07 August 2015 until 3rd November 2017 resulting in a liability of at least £189,730.91 at the date of the liquidation in that:

  • VAT liabilities totalling £189,730.91 are outstanding for 10 VAT quarters from 06/15 to 09/17, plus surcharges of £6,839.23, a total of £196,570.14; the liability over the lifetime of the company was £235,620.14 of which £39,050 was paid.
  • At Liquidation, HMRC was London Electrical (Herts) Ltd.ís majority creditor, with debts totalling £273,857.83 from overall creditors of £279,918.02. This includes corporation tax of £66,270.89, PAYE, CIS and charges of £8,746.28 and interest of £2,270.52.
  • Analysis of creditors for the company shows the amount owing to HMRC has increased year on year from £48,259 in prepared accounts for year ending 31.03.15 to £279,918 at liquidation. In the same period the amount owing to other creditors was £2,460 in prepared accounts for year ending 31.03.15 rising to £6,060 at liquidation. In contrast the amount owing to trade creditors was £548 in prepared accounts for year ending 31.03.15 rising to £8,184 in prepared accounts for year ending 31.03.16 and nil at liquidation. 

    This information is correct as at 12 / 4 / 2019



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