Case details for OGHALE RAPHAEL UDOLU

Name: OGHALE RAPHAEL UDOLU

Name: Udolu Quality and Integrity Services Limited

Date of Birth: 1 / 9 / 1974

Date Order Starts: 18 / 9 / 2018

Disqualification Length: 4 Years 0 Month(s)

CRO Number: SC473244

Last Known Address: 33 Mugiemoss Place, Bucksburn, , , ABERDEEN, AB21 9NZ

Conduct: Oghale Raphael Udolu (“Mr Udolu”) failed to ensure that Udolu Quality and Integrity Services Limited (“the company”), met its financial commitments as regards Value Added Tax (“VAT”), Pay As You Earn / National Insurance Contributions (“PAYE / NIC”) and Corporation Tax (“CT”) and caused the company to continue trading whilst withdrawing funds for the benefit of himself. As a result the company became unable to meet its financial commitments to HMRC, at the latest from August 2015 as and when due: Between VAT quarters 06/15 and 06/17, the company accrued VAT liabilities on returns totalling £18,839 and surcharges totalling £683 against which the company made no payments leaving £19,523 unpaid at liquidation; Between tax years 2014/2015, 2015/2016 and 2016/2017, the company incurred PAYE and NIC liabilities totalling £9,067 which accrued as follows:

  • During the tax years 2014/2015 and 2015/2016, under the provisions of Real Time Information, the company declared PAYE and NIC liabilities of £3,828 and £4,950 respectively against which £2,599 was paid against tax year 2014/2015 and £2,185 was paid against tax year 2015/2016 leaving £3,993 unpaid at liquidation;
  • During the tax year 2016/2017 under the provisions of Real Time Information, the company declared PAYE and NIC liabilities for the months April, May, June, July and August 2016 of £2,029. No further returns were submitted for this tax year and for the remained of the tax year HMRC estimated that the company were due £2,029. Nothing was paid against tax for this tax year and the sum of £4,059 remained outstanding at liquidation;
  • During the tax year 2017/2018, no returns were submitted by the company and HMRC estimated that for April, May and June 2017 the company were due £1,014. Nothing was paid against tax for this tax year and the sum of £1,014 remained outstanding at liquidation. In the financial years ending 31 March 2015 and 31 March 2016, the company owed HMRC CT in the sum of £20,668 which remained unpaid at liquidation:
  • In the financial years ending 31 March 2015, the company owed HMRC CT in the sum of £15,308, which despite being due and payable by 1 January 2016 remained wholly unpaid at liquidation;
  • In the financial year ending 31 March 2016, the company owed HMRC CT in the sum of £5,360, which despite being due and payable by 1 Janaury 2017 remained wholly unpaid at liquidation. Accounts filed by the company to 31 March 2015 disclose, following payment of Mr Udolu’s remuneration in the sum of £15,000 and a dividend of £44,142; and the company’s overheads; liabilities remained outstand to HMRC in the sum of £23,242. In comparison other creditors were owed £Nil. Accounts filed by the company to 31 March 2016 disclose, following payment of Mr Udolu’s remuneration in the sum of £20,000 and a dividend of £76,318; and the company’s overheads; liabilities remained outstanding to HMRC in the sum of £42,134. In comparison other creditors were owed £Nil. At liquidation, HMRC are the company’s only creditor in the sum of £50,279.64 which, following an analysis of the company’s bank account, occurred as a consequence of the company making full payment of the liabilities owed to trade and expense creditors and payments to Mr Udolu:
  • The company bank statements between 1 April 2016 and 21 August 2017 disclose receipts totalling £58,830, which in the main was received from Velosi Europe Ltd to whom the company provided services.
  • The bank statements also reveal that in the period 1 April 2016 to 21 August 2017 payments totalling £58,768 were made. An analysis of the payments disclosed that between 7 April 2016 and 19 July 2017, Mr Udolu received £20,239. Trade and expense creditors received £3,990 and there were £10,604 in payments that could not be identified. Despite requests by HMRC for payment they were paid nothing. 

    This information is correct as at 28 / 8 / 2018



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