Case details for Michael BEAUMONT

Name: Michael BEAUMONT

Name: SPECIALIST COMPUTER SYSTEMS LIMITED

Date of Birth: 1 / 3 / 1966

Date Order Starts: 4 / 2 / 2022

Disqualification Length: 4 Years 0 Month(s)

CRO Number: SC221853

Last Known Address: Valley Farm House, London Road,, , , , Balsham,, CB21 4HH

Conduct: Michael Beaumont (“Mr Beaumont”) failed to ensure that Specialist Computer Systems Limited (“SCSL”) met its financial commitments as regards to Pay As You Earn (PAYE) and Value Added Tax (“VAT”) and caused SCSL to continue trading whilst withdrawing funds for the benefit of himself. As a result SCSL became unable to meet its financial commitments to HMRC as and when they became due at the latest from 07 February 2018. PAYE • In the year 6 April 2018 to 5 April 2019 SCSL submitted Real Time Information returns (“RTI”) disclosing a lability in the sum of £288,728 against which credits for employers allowance totalling £3,000 and £63,188 in respect of Sub Contractor payments were allocated and a payment of £10,000 was made leaving £212,540 outstanding at liquidation • In the year ending 6 April 2019 to 5 March 2020 SCSL submitted RTI disclosing a liability in the sum of £194,325 against which credits for employers allowance totalling £3,000 and £38,807 in respect of Sub Contractor payments were allocated. No payments were made leaving £152,518 outstanding at liquidation. VAT • SCSL submitted VAT returns for the periods 12/17 due on the 7 February 2018 to 03/20 disclosing a liability in the sum of £399,169 against which no payments were made leaving the full amount outstanding at liquidation. Accounts and Director Loan Account (“DLA”) • Accounts submitted for the year ended 31 March 2018 reveal an overdrawn DLA in the sum of £487,762. Comparative Treatment • Analysis of SCSL’s bank statements for the period 1 April 2018 to liquidation reveal he received payments totalling £549,467 with £108,933 being paid into the account. This leaves an outstanding DLA totalling £928,296. • Analysis of the bank statements for the period 1 April 2018 to liquidation reveals expenditure totalling £3,741,388. Of this £549,467 was paid to him, £991,705 in staff salaries, £576 in bank charges and £2,130,260 in trade expenditure. During this time £69,380 was paid to HMRC of which £15,000 was paid to Corporation Tax and £44,380 was allocated to historic debts. Creditor Claims • Claims submitted at liquidation totalled £1,249,890 of which the HMRC claim totalled £1,020,181, director(s) claims totalled £215,000 and trade claims totalled £14,709. • Bank statements reveal that payments to trade creditors during the period totalled £71,912. 

This information is correct as at 25 / 3 / 2022



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