Case details for Vezubuhle Ndlovu

Name: Vezubuhle Ndlovu

Name: VN ELECTRICS LIMITED

Date of Birth: 13 / 8 / 1983

Date Order Starts: 26 / 4 / 2022

Disqualification Length: 7 Years 0 Month(s)

CRO Number: 10748801

Last Known Address: 2 Spinney Drive, , , , Bury, BL9 5HF

Conduct: Mr Vezubuhle Ndlovu (“Mr Ndlovu”) failed to ensure that, in the period from incorporation on 02 May 2017, to its Liquidation on 18 December 2019, VN Electrics Ltd (“VNE”) maintained and/or preserved adequate accounting records, or in the alternative, he failed to deliver up to the Liquidator such records as were maintained and/or preserved. As a result, it has not been possible to: Deduce, without adequate sales or banking records whether sales amounting to £1,098,766 declared on VAT returns for the periods ending 31 August 2017 to 18 February 2019 represented the true level of VNE’s trading income. . Deduce without adequate purchase or banking records, whether purchases amounting to £1,091,758 declared on VAT returns for the periods ending 31 August 2017 to 18 February 2019 represented the true level of VNE’s expenditure, or whether any or all such purchases were for VNE’s benefit. Verify if VNE owned any assets at any time between incorporation and liquidation, and if it did what happened to them. On 23 April 2019 HMRC requested documents to support the VAT returns submitted by VNE. VNE failed to provide any records in support and as a result HMRC disallowed VNE’s input tax resulting in a liability of £221,620, which remains outstanding at liquidation. 

This information is correct as at 12 / 4 / 2022



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