Case details for George Mowat

Name: George Mowat

Name: Acquisition 395445680 Limited

Date of Birth: 3 / 7 / 1957

Date Order Starts: 16 / 7 / 2019

Disqualification Length: 3 Years 6 Month(s)

CRO Number: SC473246


Conduct: George Thomas Mowat (“Mr Mowat”) caused Acquisition 395445680 Limited (“Acqn 5680”) (formerly trading as Garden Rooms for Life Ltd) to trade to the detriment of HM Revenue and Customs (“HMRC”) in respect of Pay As You Earn (“PAYE”) from 19 June 2015 to 27 April 2017, the date of Mr Mowat’s resignation, and Value Added Tax (“VAT”) between 07 July 2015 and 27 April 2017, resulting in outstanding liabilities totalling £67,975 (including surcharges) in that: PAYE

  • In respect of the tax year 2015/2016, Real Time Information (“RTI”) was submitted by the company disclosing a liability for Month 1 of £752, which was cleared by an earlier payment and part of the annual Employment Allowance (“EA”), followed by RTI for Months 02 to 12, disclosing liabilities totalling £29,024, which accrued from 19 June 2015, from which an annual EA of £1,769 was deducted. Payments totalling £19,192 were made by Acqn 5680, resulting in £8,063 remaining outstanding at 27 April 2017 and at liquidation.
  • In respect of the tax year 2016/2017, RTI was submitted by the company disclosing liabilities totalling £23,143 from which an annual EA of £3,000 was deducted. A payment of £1,477 was made by Acqn 5680, resulting in outstanding liabilities totalling £18,666 at 27 April 2017. VAT
  • Following commencement of trade on 24 March 2014 HMRC, in the continued absence of VAT returns, HMRC raised VAT assessments for the seven consecutive VAT quarters from 31 August 2014 to 28 February 2016. While earlier VAT liabilities to 28 February 2015 was subsequently cleared by the submission of 2 overpayment returns to 30 November 2014, and earlier payments, Acqn 5680 submitted VAT returns from 31 May 2015, which was due by 07 July 2015, to 31 May 2016 disclosing a liability totalling £37,751, against which an overpayment of £2,122 from the VAT return to 31 August 2016 was allocated, resulting in an outstanding liabilities totalling £35,629 at 31 August 2016.
  • Acqn 5680 submitted a further VAT return for the VAT quarter to 30 November 2016, disclosing further liabilities totalling £8,616. Between 01 July 2015 and 27 April 2017. Acqn 5680 made payments totalling £2,999 towards the outstanding liabilities, resulting in outstanding liabilities totalling £41,246 at 27 April 2017 when Mr Mowat resigned, and this remained outstanding at liquidation. Comparative Treatment
  • In the absence of full accounts or any company records after 30 June 2015, it is not possible to carry out a comparison of the creditors at 30 June 2016.
  • While the detriment commenced from 19 June 2015, the bank statements provided refer to the period from 01 July 2015 to 27 April 2017. An analysis of the bank statements between 01 July 2015 and 27 April 2017 discloses that sums totalling £788,140 were expended. Of this sum, Payments totalling £533,894 were paid to trade and expense creditors, £90,482 was paid to employees/sub-contractors, £58,512 was paid to 2 unknown accounts, £16,126 to a connected party, £50 to Mr Mowat, £2,668 for personal expenses and £44,258 remaining unexplained. While £41,689 was paid to HMRC, £13,000 of these payments were paid towards Mr Mowat’s own personal tax liabilities, resulting in £28,689 being paid to HMRC.
  • At liquidation, the claims received were from HMRC in sums totalling £88,515, which has been restricted to £67,975 and one other claim from Royal Bank of Scotland (“RBS”) Cards in the sum of £6,707. Period 

    This information is correct as at 2 / 8 / 2019

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