Case details for William Edward FOX

Name: William Edward FOX

Name: OAK TREE EXHIBITIONS LIMITED

Date of Birth: 3 / 11 / 1967

Date Order Starts: 30 / 7 / 2019

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 09952425

Last Known Address: 15 Corfe Walk, , Hants, , BASINGSTOKE, RG23 8ED

Conduct: From his appointment as director on 14 January 2016, until liquidation on 31 May 2017, William Fox (“Mr Fox”) failed to ensure that Oak Tree Exhibitions Ltd (“OTEL”) maintained and/or preserved adequate accounting records, and following liquidation, that adequate records were delivered up to the liquidator as required,. As a consequence it has not been possible to:

  • Verify whether the payments into the company’s bank account totalling £390,039 constituted all of the company’s sales and therefore determine whether there are any outstanding book debtors
  • Determine whether payments out of the company’s bank account totalling £331,243, including £3,353 (inclusive of any ATM fees) in cash withdrawals and £12,368 in cheques, were to the company’s benefit
  • Explain why £25,382 was transferred to a connected party
  • Explain 5 payments totalling £13,200 to the director and why payments totalling a further £1,375 were paid out of the company’s bank account for invoices addressed to the director or to a connected company.
  • Determine the true VAT liability in the absence of VAT returns or VAT records
  • Determine the causes of failure 

    This information is correct as at 11 / 7 / 2019



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