Case details for Robert Kenneth ADAMS

Name: Robert Kenneth ADAMS

Name: Rednax Media Limited

Date of Birth: 27 / 1 / 1948

Date Order Starts: 30 / 10 / 2018

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 09405126

Last Known Address: 7 Cross Meadow, , , , CHESHAM, HP5 2RU

Conduct: Robert Kenneth Adams (“Robert Adams”) caused Rednax Media Limited (“Rednax”) to trade to the detriment of Her Majesty’s Revenue and Customs (“HMRC”) in respect of Value Added Tax (“VAT”) from 07 January 2016, the date by which Rednax’s VAT liabilities for the quarter ended 30 November 2015 were due for payment, onwards; and in respect of Pay As You Earn Income Tax and National Insurance Contributions (“PAYE and NIC”) from 19 February 2016, the date by which Rednax’s PAYE and NIC liabilities for January 2016 were due for payment, onwards. In that: VAT

  • Rednax submitted a VAT return for the quarter ended 30 November 2015 disclosing liabilities of £26,995 which were due for payment to HMRC by 07 January 2016. Rednax failed to make any payments in respect of VAT until 21 November 2016 (giving a period of more than thirteen months without any payments being made), when a payment of £4,328 was made. HMRC allocated this payment against the liabilities for the quarter ended 30 November 2015, leaving £22,667 unpaid for this quarter.
  • Thereafter Rednax submitted five quarterly VAT returns which disclosed liabilities amounting to £157,390. Rednax failed to make any payments to HMRC in respect of these liabilities.
  • As a consequence of failing to make payments to HMRC in respect of VAT, Rednax also incurred surcharges amounting to £9,842 which also remained outstanding at the date of administration.
  • At the date Rednax entered administration unpaid VAT liabilities owing to HMRC amounted to £189,897 (including a credit of £2 carried forward from previous VAT quarters). PAYE and NIC
  • Rednax submitted seven monthly PAYE and NIC returns to HMRC covering the months June 2015 to December 2015 which disclosed liabilities amounting to £43,086, and made payments amounting to £41,144 against these liabilities, with the last of these payments being made on 17 February 2016. No further payments were made until 15 July 2016, almost five months later.
  • Between January 2016 and March 2017 Rednax submitted PAYE and NIC returns disclosing liabilities amounting to £93,302 and made payments amounting to £48,922 leaving a total of £46,322 unpaid at the date Rednax entered administration. Different treatment of HMRC
  • Rednax’s accounts for the year ended 31 January 2016, being the only accounts available, disclose liabilities to trade creditors amounting to £181,834 and liabilities in respect of ‘Taxation and social security’ amounting to £85,800. By the date that Rednax entered administration the amount owed to trade creditors had decreased by £126,340 to £55,494, whilst the amount owed to HMRC had increased by £150,419 to £236,219 (VAT £189,897, PAYE and NIC £46,322).
  • At the date of administration a total of £291,713 was owed to creditors, of which £236,219 was owed to HMRC in respect of VAT and PAYE/NIC. 

    This information is correct as at 16 / 10 / 2018



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

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