Name: Liam MCCREADIE

Name: EK SALES LTD

Date of Birth: 26 / 5 / 1996

Date Order Starts: 8 / 11 / 2022

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 12220306

Last Known Address: 18 Carnie Drive,, , , , ABERDEEN,, AB25 3BH

Conduct: EK Sales Liam McCreadie (“Mr McCreadie”) failed to ensure that EK Sales Limited (“EK Sales”), trading as AGO Outsourcing, complied with its statutory obligations to submit returns and payments to HM Revenue & Customs (“HMRC”) as and when due and caused EK Sales to trade to the detriment of HMRC in respect of Pay As You Earn/National Insurance Contributions (“PAYE/NIC”) from 22 October 2019 to 13 October 2020 and Value Added Tax (“VAT”) from 07 February 2020 to 13 October 2020 the date of the liquidation of EK Sales. In that. PAYE/NIC • EK sales submitted Real Time Information (“RTI”) returns for the period ended 05 October 2019 to 05 August 2020 disclosing a PAYE/NIC liability of £484,918. • There were no payments made in respect of PAYE/NIC over the period 22 October 2019 to 13 October 2020 leaving £484,918 outstanding at liquidation. VAT • EK sales failed to submit returns in respect of the three VAT quarters ended 31 December 2019, due 07 February 2020, to 30 June 2020, due 07 August 2020. As a consequence, HMRC raised estimated assessments in the total sum of £28,951. • There were no payments made in respect of VAT over the period 07 February 2020 to 13 October 2019 leaving the sum of £28,951, outstanding at liquidation. EK Sales Comparative Treatment • Analysis of a company’s bank account between 29 January 2020 and 22 October 2020 shows receipts of £1,279,111 and payments out in the total sum of £1,279,045. Of the £1,279,045 paid out of the account £3,397 was paid against trade and expense liabilities, £1,235,981 in respect of wages, £1,007 in payments which cannot be classified from the bank statements, £38,588 to a connected company, and £72 applied to bank charges. During this time EK Sales made no payments to HMRC in respect of VAT and PAYE/NIC. • Claims submitted at liquidation totalled £515,694 of which HMRC have claimed £513,869. Lakemere Liam McCreadie (“Mr McCreadie”) failed to ensure that Lakemere Global Holdings Limited (“Lakemere”), trading as AGO Outsourcing, complied with its statutory obligations to submit returns and payments to HM Revenue & Customs (“HMRC”) as and when due and caused Lakemere to trade to the detriment of HMRC in respect of Value Added Tax (“VAT”) from 07 October 2018 to 31 October 2019 and PAYE/NIC from 22 March 2018 to 31 October 2019, the date of the liquidation of Lakemere. In that: PAYE/NIC • Lakemere submitted Real Time Information (“RTI”) returns for the period ended 05 March 2018 to 05 October 2019 disclosing a PAYE/NIC liability of £425,032 against which Employment allowance of £8,632 applied. Leaving a PAYE/NIC liability of £416,400 • Over the period 2 payments to the total of £33,948 were made toward this PAYE/NIC debt leaving £382,452 outstanding at liquidation. VAT • Lakemere submitted returns for the three VAT quarters ended 31 August 2018 due 07 October 2018 to 28 February 2019 due 07 April 2019 disclosing a VAT liability of £175,491. • Lakemere failed to submit returns in respect of the two VAT quarters ended 31 May 2019, due 07 July 2019, to 31 August 2019, due 07 October 2019. As a consequence, HMRC raised estimated assessments in the total sum of £66,945 and levied £4,977 in surcharges. • There were no payments made in respect of VAT over the period 07 October 2018 to 31 October 2019 leaving the sum of £247,413, inclusive of surcharges, outstanding at liquidation. Lakemere Comparative Treatment • Analysis of the company’s bank account between 22 March 2018 and 07 October 2019 shows receipts of £4,610,291 and payments out in the total sum of £4,610,396. Of the £4,610,396 paid out of the account £1,180,369 was paid against trade and expense liabilities, £3,211,890 in respect of wages, £153,532 in payments which cannot be classified from the bank statements, £23,420 to connected companies, £3,075 in cash withdrawals and £4,162 applied to bank charges. During this time Lakemere made two payments totalling £33,948 to HMRC in respect of PAYE/NIC. • Claims submitted at liquidation totalled £794,969 of which HMRC have claimed £629,865. 

This information is correct as at 18 / 10 / 2022

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