Case details for PAUL O’MAHONEY



Date of Birth: 7 / 4 / 1969

Date Order Starts: 3 / 1 / 2023

Disqualification Length: 7 Years 0 Month(s)

CRO Number: 09805460

Last Known Address: Flat A, 145 Amhurst Road, , , , LONDON, E8 2AW

Conduct: From 01 November 2018 to liquidation Mr O’Mahoney failed to maintain, preserve and/or deliver up adequate accounting records with the result that it is not possible to determine: the true asset position of Empire, whether all creditors have been accounted for, whether all creditors have been treated fairly and Empire’s true liability to HM Revenue & Customs (“HMRC”); whether cash withdrawals of £61,858 made between 01 November 2018 and 17 January 2020 were for the benefit of Empire; whether payments made between 10 April 2019 and 09 December 2019 totalling £27,360 re ‘Cheshunt client and/or deposit’ were for the benefit of Empire. Mr O’Mahoney failed to ensure that Empire met its financial and filing commitments as regards and Construction Industry Scheme (CIS) between 19 November 2015 to October 2019 and Value Added Tax (VAT) between May 2018 and October 2019. In that:- Empire traded from October 2015 to October 2019 in the scaffolding industry; In respect of CIS, Empire’s first return should have been filed by 19 November 2015 but Empire failed to submit any CIS returns throughout trading. By liquidation there were 49 CIS returns outstanding. Penalties were issued for non-filing of the returns totalling £1,300; Empire failed to make any payment to HMRC in respect of its CIS liabilities; Empire’s bank statements for the period 28 November 2016 to 05 February 2020 show payments of at least £1,218,873.44 for the payment of sub-contractor wages in which no CIS returns were filed; Empire’s bank statements show that between 20 February 2017 and 20 January 2020, Mr O’Mahoney received the sum of £48,036.06 on which no PAYE/NIC deductions were made and . It is not known if he was an employee or subcontractor of Empire; the last payment made by Empire to HMRC was £7,536.32 on 07 December 2017 in respect of the VAT return for the quarter ending November 2017; Empire’s bank statements show that between 28 November 2017 and 27 January 2020, credits were received into the bank account totalling £2,871,062.76; following submission of the VAT return for the quarter ending February 2018 in the sum of £4,574.60 Empire failed to make any payments to HMRC in respect of VAT for that and subsequent submissions; at liquidation, HMRC has submitted a claim in relation to VAT in the sum of £24,910.08 covering 6 returns up to the quarter ending May 2019 plus surcharges of £4,524.02. The amount due to HMRC in respect of CIS cannot be quantified due to the lack of returns and no books and records. 

This information is correct as at 20 / 12 / 2022

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