Case details for KEVIN STEWART



Date of Birth: 17 / 3 / 1956

Date Order Starts: 29 / 10 / 2018

Disqualification Length: 3 Years 6 Month(s)

CRO Number: 09204637

Last Known Address: 11 LAYTON WAY, , , , PRESCOT, L34 5NR

Conduct: Between 08 February 2015 and liquidation on 30 May 2017 (“the Period”), Kevin Stewart (“Mr Stewart”) caused Stewmac Limited (“Stewmac”) to trade to the detriment of HM Revenue & Customs (“HMRC”) in respect of Value Added Tax (“VAT”) whilst maintaining payments to other creditors. VAT

  • On 08 February 2015 Stewmac owed £8,516 to HMRC for VAT.
  • During the Period, Stewmac submitted VAT returns to HMRC up to the quarter ended 30 June 2016 inclusive, showing a liability of £42,956.
  • For the quarters ended 30 September 2016 to 31 March 2017 inclusive, no VAT returns were submitted and HMRC raised assessments of £19,711. A further assessment of £3,734 was raised for VAT period ending June 2017, not due until after liquidation.
  • Stewmac’s records indicate that the liability for the period 01 July 2016 to 19 April 2017 is £26,386. In addition, surcharges of £3,954 have been raised.
  • Stewmac has a claim for a refund under the Construction Industry Scheme (“CIS”) for £14,175. When this is offset against the VAT it produces a final liability to HMRC of £76,112.
  • During Period, Stewmac made no payments to HMRC for VAT. Differential Treatment
  • During the Period, Stewmac made payments to creditors and trading partners totalling at least £130,696.
  • During the Period, Stewmac also made net payments to staff totalling £225,124, of which at least £171,523 was paid to him and his family.
  • Accounts for the year to 30 September 2015 show trade creditor liabilities of £3,930 and tax liabilities of £44,097. Accounts for the year to 30 September 2016 show trade creditor liabilities of £2,426 and tax liabilities of £49,391. HMRC has submitted a proof of debt of £79,445 in the liquidation of Stewmac, whereas trade creditors are owed £1,000 in the liquidation. 

    This information is correct as at 12 / 10 / 2018

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