Case details for BEN SIGGINS

Name: BEN SIGGINS

Name: B R SIGGINS (ASHFORD) LTD

Date of Birth: 2 / 6 / 1978

Date Order Starts: 22 / 11 / 2023

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 10760882

Last Known Address: 4 Walnut Close,, , , , HEATHFIELD,, TN21 8YL

Conduct: Ben Siggins (“MR SIGGINS”) caused BR SIGGINS (ASHFORD) LIMITED (“BRSA”) to apply for and obtain a Bounce Back Loan (“BBL”) totalling £50,000 that was not used for the economic benefit of the company but for his personal benefit, in that: • MR SIGGINS was a director of BRSA from incorporation on 9 May 2017. • MR SIGGINS applied for a BBL of £50,000 on behalf of BRSA that was received into BRS’ bank account on 7 July 2020. • As at 7 July 2020 BRSA’s bank account was £16,300 overdrawn. The bank account had been £20 in credit at the start of 6 July 2020 but on that date transactions included £12,000 that MR SIGGINS transferred to himself, also on 6 July 2020 credits were received from a connected company totalling £12,000 but then on 7 July 2020 £14,400 was transferred back to that same connected company. The overdrawn account was in part due to monies transferred to MR SIGGINS and net monies transferred to a connected company. • Following receipt of the BBL on 7 July 2020 the company bank account balance was £33,700, thereafter in the period to 20 July 2020 MR SIGGINS transferred to himself £44,937. There were other credits to the bank account during the period totalling £11,108, as a result the account did not become overdrawn until 20 July 2020. Those transactions of £44,937 were not for the economic benefit of BRSA, the majority of the monies totalling £44,937 that MR SIGGINS received from the company came from the BBL. These payments breached the conditions of the BBL which stated that it should be used for the economic benefit of the business. • At the date of liquidation on 23 March 2021 the BBL remained unpaid. Ben Siggins (“MR SIGGINS”) failed to ensure BR SIGGINS (ASHFORD) LIMITED (“BRSA”) complied with its statutory obligations to file VAT returns and make payment as they fell due, and caused BRSA to trade to the detriment of HMRC in respect of VAT from 8 March 2020 to liquidation on 23 March 2021 and in respect of PAYE from 23 January 2019. At liquidation HMRC had claims totalling £102,865 of which £56,879 was outstanding in respect of VAT and £45,285 was outstanding in respect of PAYE & NIC: VAT • BRSA was registered for VAT with effect from 23 October 2019. • MR SIGGINS failed to cause BRSA to make any payments to HMRC in respect of VAT. • At liquidation there was VAT outstanding of £56,879 of which £40,596 relates to unpaid VAT returns from 01/20 quarter to 10/20 quarter and £15,256 relates to the 01/21 and 03/21 quarter for which returns were not filed so central assessments were raised. • Surcharges were raised for £1,028 for the 01/21 quarter and 03/21 quarter. PAYE • MR SIGGINS failed to cause BRSA to make any payments to HMRC in respect of PAYE & NIC. At liquidation there was PAYE & NIC outstanding of £45,285, comprised of: • In respect of 2018/19 there was £3,352 PAYE and NIC outstanding plus accrued interest of £221. • In respect of 2019/20 there was £19,068.58 PAYE and NIC due that remained outstanding plus accrued interest of £785. • In respect of 2020/21 there was £21,461 PAYE and NIC due that remained outstanding plus accrued interest of £398. Comparison to other creditors • At Liquidation HMRC had claims totalling £102,865 whilst other creditors totalled £66,100 comprised of £15,000 to the landlord and £51,100 in respect of a bounce back loan. Inter company claims were submitted totalling £26,500 but analysis of the bank statements has detailed net payments to the connected companies and the claims have not been evidenced. • As stated above HMRC received no payments in respect of VAT or PAYE & NIC, in comparison accounts at 31 May 2020 detail an outstanding director’s loan account of £50,000 and bank statements show net payments to MR SIGGINS of £180,198 after the date of those accounts. Accounts produced to Liquidation showed a balance of £163,068 outstanding on his loan account at Liquidation. • Prepared accounts and company bank statements show that trade creditors were paid while HMRC were not 

This information is correct as at 2 / 11 / 2023



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