Case details for HADYN ARTHUR WILLIAM PRICE

Name: HADYN ARTHUR WILLIAM PRICE

Name: Switch Leisure Ltd

Date of Birth: 23 / 6 / 1990

Date Order Starts: 19 / 4 / 2022

Disqualification Length: 5 Years 0 Month(s)

CRO Number: 10796606

Last Known Address: 14 Westland Place, Buckshaw Village, , , CHORLEY, PR7 7LD

Conduct: 1. Haydn Arthur William Price (“Mr Price”) between the period September 2017 to March 2019 failed to ensure that Switch Leisure Limited (“Switch”) maintained and/or preserved adequate accounting records or in the alternative failed to deliver up such records as were maintained to the Official Receiver as liquidator. In consequence, the liquidator has not been able to satisfactorily quantify, verify and explain all the transactions of Switch. In that the Official Receiver as liquidator has been unable to: In the absence of till receipts, a cashbook, or other sales records verify whether the payments into the company’s bank account totalling £2,875,461 constituted all of the company’s sales. In the absence of purchase invoices or expense receipts determine whether payments out of the company’s bank account totalling 2,875,815 were to the company’s benefit. Explain why payments were made from Switch’s bank account to three associated companies, controlled by the same directors totalling £300,240 and the reason why payments were received into Switch’s bank accounts from four associated companies totalling £247,265. Explain why payments appear to have been made in respect of expenses incurred by associated companies. Determine the true amount due in respect of the Directors loan accounts. Determine the true liability for VAT and PAYE. Determine the cause of failure. Enquiries have been made of the company accountants who have confirmed that they were unable to prepare annual accounts due to the lack of sufficient records delivered up. 

This information is correct as at 29 / 3 / 2022


Name: Francis Fisayo Falodun

Name: Switch Leisure Ltd

Date of Birth: 27 / 4 / 1988

Date Order Starts: 19 / 4 / 2022

Disqualification Length: 5 Years 0 Month(s)

CRO Number: 10796606

Last Known Address: 7 Gower Court, , , , LEYLAND, PR26 7DP

Conduct: 1. Francis Fisayo Falodun (“Mr Falodun”) between the period September 2017 to March 2019 failed to ensure that Switch Leisure Limited (“Switch”) maintained and/or preserved adequate accounting records or in the alternative failed to deliver up such records as were maintained to the Official Receiver as liquidator. In consequence, the liquidator has not been able to satisfactorily quantify, verify and explain all the transactions of Switch. In that the Official Receiver as liquidator has been unable to: In the absence of till receipts, a cashbook, or other sales records verify whether the payments into the company’s bank account totalling £2,875,461 constituted all of the company’s sales. In the absence of purchase invoices or expense receipts determine whether payments out of the company’s bank account totalling £2,875,815 were to the company’s benefit. Explain why payments were made from Switch’s bank account to three associated companies, controlled by the same directors totalling £300,240 and the reason why payments were received into Switch’s bank accounts from four associated companies totalling £247,265. Explain why payments appear to have been made in respect of expenses incurred by associated companies. Determine the true amount due in respect of the Directors loan accounts. Determine the true liability for VAT and PAYE. Determine the cause of failure. Enquiries have been made of the company accountants who have confirmed that they were unable to prepare annual accounts due to the lack of sufficient records delivered up. 

This information is correct as at 29 / 3 / 2022


Name: DARREN WAYNE OFSARNIE

Name: Switch Leisure Ltd

Date of Birth: 8 / 1 / 1987

Date Order Starts: 19 / 4 / 2022

Disqualification Length: 5 Years 0 Month(s)

CRO Number: 10796606

Last Known Address: Apartment 7,, Hawthorne House,, Hawthorne Close,, , LEYLAND,, PR26 8NT

Conduct: 1. Darren Wayne Ofsarnie (“Mr Ofsarnie”) between the period September 2017 to March 2019 failed to ensure that Switch Leisure Limited (“Switch”) maintained and/or preserved adequate accounting records or in the alternative failed to deliver up such records as were maintained to the Official Receiver as liquidator. In consequence, the liquidator has not been able to satisfactorily quantify, verify and explain all the transactions of Switch. In that the Official Receiver as liquidator has been unable to: In the absence of till receipts, a cashbook, or other sales records verify whether the payments into the company’s bank account totalling £2,875,461 constituted all of the company’s sales. In the absence of purchase invoices or expense receipts determine whether payments out of the company’s bank account totalling £2,875,815 were to the company’s benefit. Explain why payments were made from Switch’s bank account to three associated companies, controlled by the same directors totalling £300,240 and the reason why payments were received into Switch’s bank accounts from four associated companies totalling £247,265. Explain why payments appear to have been made in respect of expenses incurred by associated companies. Determine the true amount due in respect of the Directors loan accounts. Determine the true liability for VAT and PAYE. Determine the cause of failure. Enquiries have been made of the company accountants who have confirmed that they were unable to prepare annual accounts due to the lack of sufficient records delivered up. 

This information is correct as at 29 / 3 / 2022



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