Case details for CRAIG GAVIN WRIGHT

Name: CRAIG GAVIN WRIGHT

Name: PAZANIN LIMITED AND SANISHA LIMITED

Date of Birth: 20 / 8 / 1982

Date Order Starts: 24 / 3 / 2019

Disqualification Length: 4 Years 48 Month(s)

CRO Number: INV5192411

Last Known Address: APARTMENT 6, REGENCY HOUSE, ETON COURT, ETON, WINDSOR, SL4 6BY

Conduct: Solely for the purposes of the CDDA and for any other purposes consequential to the giving of a disqualification undertaking, I do not dispute the following matters: ? He was a director of Pazanin Limited ? Which went into Creditors Voluntary Liquidation on 6 December 2016 ? With assets of £1,750 ? Liabilities of £421,566 ? A deficiency as regards creditors of £419.816 ? And share capital of £120 ? Making a total deficiency of £419,936 ? He was a director of Sanisha Limited ? Which went into Creditors Voluntary Liquidation on 6 December 2016 ? With assets of £1,876 ? Liabilities of £564,921 ? A deficiency as regard creditors of £563,045 ? And shared capital of £120 ? Making a total deficiency of £563,165 MATTERS OF UNFITNESS Pazanin Limited Between 7th March 2016 and liquidation he failed to ensure that Pazanin Ltd (“Pazanin”) complied with its statutory obligations to submit timely VAT returns and to settle all its HMRC liabilities as and when due and caused Pazanin to trade to the detriment of HMRC from that date. In that: - ? Returns for the VAT periods ending 31st January 2016 to 31st July 2016 were submitted to HMRC late. ? Pazanin made no payments to HMRC in respect of its accrued returned VAT liability of £135,792.84 for its first VAT period ending 31st January 2016. Such liability should have been settled in full by 7th March 2016 at the latest. ? Pazanin also made no payments to HMRC in respect of its accrued returned VAT liabilities, totalling £120,323.18, for the next two VAT periods ending 30th April 2016 and 31st July 2016. ? Assessments and surcharges totalling £83,104.08 were raised by HMRC for the VAT and part VAT periods ending 31st October 2016 and 31st January 2017. However, these were not due for payment at the date of liquidation. ? Pazanin failed to settle all its PAYE/NIC totalling £53,681.99 for the 2015/16 tax year, its first tax year, leaving £33,837.63 outstanding at the date of liquidation, after taking into account the statutory £2,000 employment allowance. ? Pazanin also failed to settle any of its accrued PAYE/NIC totalling £34,464.70 incurred in the part 2016/17 tax year. After taking the statutory £3,000 statutory employment allowance, a total of £31,464.70 remained outstanding at liquidation. Page 3 of 3 ? In total £321,618 that was due for payment at liquidation remained unpaid. ? Pazanin’s bank statements show that between 7th March 2016 and liquidation, sums totalling £1,156,848.22 were paid out of the bank accounts of which £2,063.64 is listed as being paid to HMRC. Sanisha Limited Between 7th March 2016 and liquidation he failed to ensure that Sanisha Ltd (“Sanisha”) complied with its statutory obligations to submit timely VAT returns and to settle all its HMRC liabilities as and when due and caused Sanisha to trade to the detriment of HMRC from that date. In that: - ? Returns for the VAT periods ending 31st January 2016 to 31st July 2016 were submitted to HMRC late. ? Sanisha made no payments to HMRC in respect of its accrued returned VAT liability of £83,523.79 for its first VAT period ending 31st January 2016. Such liability should have been settled in full by 7th March 2016 at the latest. ? Sanisha also made no payments to HMRC in respect of its accrued returned VAT liabilities, totalling £182,017.97, for the next two VAT periods ending 30th April 2016 and 31st July 2016. ? Assessments and surcharges totalling £119,527.56 were raised by HMRC for the VAT and part VAT periods ending 31st October 2016 and 31st January 2017. However, these were not due for payment at the date of liquidation. ? Sanisha failed to settle all its PAYE/NIC totalling £52,122.04 for the 2015/16 tax year, its first tax year, leaving £38,563.52 at the date of liquidation after taking into account the statutory £2,000 employment allowance. ? Sanisha also failed to settle any of its accrued PAYE/NIC totalling £33,532.19 incurred in the part 2016/17 tax year. After taking the statutory £3,000 statutory employment allowance, a total of £30,532.19 remained outstanding at liquidation. ? In total £334,637.47 that was due for payment at liquidation remained unpaid. ? Sanisha’s bank statements show that between 7th March 2016 and liquidation, sums totalling £1,604,934.70 were paid out of the bank accounts of which £12,250.00 is listed as being paid to HMRC. 

This information is correct as at 4 / 3 / 2019



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