Name: PAUL HEALD

Name: Hydrotech Utilities Limited

Date of Birth: 27 / 5 / 1981

Date Order Starts: 26 / 10 / 2026

Disqualification Length: 5 Years 0 Month(s)

CRO Number: 10107349

Last Known Address: 100 Elmton Road, Creswell, , , WORKSOP, S80 4DE

Conduct: Between 01 May 2018 and 16 March 2023 Paul Heald failed to ensure that Hydrotech Utilities Limited ("Hydrotech") complied with its statutory obligations to submit returns and make payments as and when due to HMRC, and caused Hydrotech to trade to the detriment of HMRC, resulting in a liability due to HMRC in respect of VAT, PAYE and Corporation Tax in the amount of £459,067 at the date of Liquidation. In that:- VAT • Analysis of HMRC records shows that following the submission of the VAT return for the period ending 0/18, as at 30 April 2018 Hydrotech's liability for VAT was £29,901. • Hydrotech submitted returns for the VAT periods ending 04/18 (due for payment by 07 June 2018) to 04/20, with the returns for 04/19 to 04/20 submitted late, and HMRC produced assessments for the VAT periods ending 07/20 to 01/23. • HMRC records show that Hydrotech made no payments between 01 May 2018 and 16 March 2023. • HMRC have submitted a claim in the Liquidation amounting to £217,959 in respect of the VAT liability, including surcharges of £19,591. PAYE • Analysis of HMRC records shows that by the end of the 2017/18 tax year Hydrotech's liability for PAYE was £3,275. • HMRC records show that Hydrotech submitted returns for the 2018/2019; 2019/2020; 2020/2021; 2021 /2022; 2022/2023 tax years with a total charge of £114,450 which, after allowances, resulted in a net charge of £98,580. • No payments were made between 01 May 2018 and 16 March 2023. • HMRC have submitted a claim in the liquidation amounting to £101,855 in respect of PAYE and NIC, inclusive of penalties totalling £2,579. Corporation Tax • Analysis of HMRC records shows that Hydrotech's cumulative liability for Corporation Tax as at 30 April 2018 was £17,586. • Corporation Tax for the tax years 2017/2018 (due for payment by 01 February 2019) to 2020/2021 inclusive totalled £110,689, not including penalties of £9,569 and interest of £11,409. • Between 01 May 2018 and 16 March 2023, one payment of £10,000 was made on 11 November 2020 and allocated to the outstanding liability due for the tax year 2016/2017. • HMRC have submitted a claim in the Liquidation amounting to £139,253 in respect of the Corporation Tax liability, including penalties of £9,569 and interest of £11,409. Comparative treatment • Analysis of HMRC records shows that Hydrotech's liabilities to HMRC as at 01 May 2018 totalled £50,762 and by 16 March 2023 total liabilities to HMRC had increased by £408,305 to £459,067. • Analysis of company records shows as of 30 April 2018 liabilities to trade and other creditors were £4,905 and by 16 March 2023 they had increased by £30,462 to £35,367, which included a Bounce Back Loan ("BBL") with an outstanding balance of £34,167. • A review of Hydrotech's bank account between 02 June 2020 to 19 April 2023 shows £1,465,981 paid in and £1,491,871 paid out. • Of the £1,491,871 paid out, £481,021 was paid to trade creditors, £621,495 was paid as wages, £135,211 was withdrawn in cash and £223,000 was paid to Mr Heald. • During the same period, a total of £10,000 was paid to HMRC, all in respect of Corporation Tax and allocated to the tax period 2016/2017. 

This information is correct as at 6 / 10 / 2026

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