Case details for Christopher Peedell

Name: Christopher Peedell

Name: Fineeventco Limited

Date of Birth: 20 / 3 / 1973

Date Order Starts: 7 / 5 / 2019

Disqualification Length: 3 Years 36 Month(s)

CRO Number: INV5054573

Last Known Address: 10 St Marys Way, , , , Guildford, GU2 8JY

Conduct: Mr Christopher Brian George Peedell (“Mr Peedell”) caused Fineeventco Limited (“Fineeventco”) to trade to the detriment of Her Majesty’s Revenue & Customs (“HMRC”) from 22 May 2015 (when the PAYE/NIC for the month ended 05 May 2015 became due) and from 07 July 2015 (when the VAT liability for the quarter ended 31 May 2015 became due) until Fineeventco entered into administration on 10 September 2016. Insofar that; PAYE/NIC

  • Fineeventco submitted RTI returns for all months from November 2014 to May 2016 totalling £172,517 against which payments totalling £42,708 were made.
  • When payments are allocated against the earliest liability, arrears of PAYE/NIC have accrued from the month ended 05 May 2015 which was due for payment on 22 May 2015 with a further 12 RTI returns being submitted against which no payments were made.
  • No RTI returns were submitted in respect of the months ended 05 June 2016, 05 July 2016 and 05 August 2016.
  • The total amount owing to HMRC in respect of PAYE/NIC, net of any sums due in respect of the months where no returns were submitted, as at the date of administration was at least £129,808. VAT
  • On 31 March 2015, Fineeventco submitted a VAT reclaim in respect of the first quarter of trading, namely the 02/15 VAT quarter in the sum of £4,648 which was credited to Fineeventco.
  • Subsequently, Fineeventco submitted VAT returns in respect of the VAT quarters 05/15, 08/15, 11/15, 02/16 & 05/16 with the sum due to HMRC totalling £291,722.
  • HMRC raised surcharges in respect of the 02/16 and 05/16 VAT quarters totalling £1,637.
  • Between 07 July 2015 and administration, Fineeventco made one payment of £5,000 to HMRC in respect of VAT.
  • No returns were submitted in respect of the VAT quarter 08/16 and as a result, HMRC raised an assessment in the sum of £12,924 together with a surcharge in the sum of £1,292 which was not due as at the date of administration.
  • Therefore, the total amount owing to HMRC in respect of VAT as at the date of administration was £288,360. Differential Treatment
  • Between 22 May 2015 and 10 September 2016, Fineeventco made payments from it’s bank account totalling £5,448,366 made up of; £3,242,210 to trade & expense, £713,773 for wages, £646,682 to asset purchases, £439,617 in respect of finance/loans, £328,110 to the director, £50,772 of cash withdrawals, £22,201 in adjustments/fees and £5,000 to HMRC. As at the date of administration, Fineeventco’s creditors amounted to £730,235 made up of a sum due to HMRC of at least £418,168, trade and expense creditors of £258,252 and a sum due to the director of around £53,815. 

    This information is correct as at 17 / 4 / 2019



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