Case details for Tracy Alexandra RITCHIE

Name: Tracy Alexandra RITCHIE

Name: TWR SOLUTIONS LIMITED

Date of Birth: 18 / 11 / 1974

Date Order Starts: 21 / 12 / 2018

Disqualification Length: 6 Years 0 Month(s)

CRO Number: SC484945

Last Known Address: 28 Ainslie Road, Cumbernauld, , , GLASGOW, G67 2EB

Conduct: Tracy Alexandra Ritchie (“Mrs Ritchie”) failed to ensure that TWR Solutions Ltd (“Solutions”) maintained and/or preserved adequate accounting records or alternatively she has failed to deliver up such records as were maintained and/or preserved to the Liquidator for the period 01 December 2015 to 06 November 2017, the date the company entered liquidation. As a result, it has not been possible to:

  • Determine whether payments of £461,138 were for a purpose connected with Solutions’ business including cash payments of £102,909, payments to a connected party of £203,947 and unidentified payments of £154,282.
  • Determine her remuneration.
  • Verify Solutions’ reason for insolvency.
  • Determine all the creditors of Solutions. 2. Tracy Alexandra Ritchie (“Mrs Ritchie”) caused or allowed TWR Solutions Ltd (“Solutions”) to trade to the detriment of HM Revenue & Customs (“HMRC”) in respect of CIS from 22 May 2016 to 06 November 2017 and from 07 January 2017 to 06 November 2017 in respect of Value Added Tax (“VAT”) in that: CIS
  • For tax year 2015/2016 Solutions filed CIS returns showing that £61,018 was due to HMRC in respect of CIS. Solutions made no payments resulting in an outstanding balance of £61,018.
  • For tax year 2016/2017 Solutions filed CIS returns showing that £96,411 was due to HMRC in respect of CIS. Solutions made no payments against the liability. An Employment Allowance of £790 was allocated by HMRC, leaving an outstanding balance of £95,621. In addition there were penalties of £1,699. VAT
  • Solutions filed VAT returns up to the quarter ending 08/16 and had an accrued VAT liability of £2,986 relating to a surcharge.
  • Solutions filed VAT returns for quarters ending 11/16 to 05/17 showing that £76,664 (plus surcharges of £11,500) were due. Solution made a payment of £48,534 which was returned as unpaid, leaving an outstanding liability of £88,164.
  • Solutions failed to file any VAT returns for quarters ending 08/17 and 11/17 resulting in HMRC raising assessments totalling £17,342 plus a surcharge of £1,900. Solutions made no payments resulting in an outstanding liability of £19,242. Comparable treatment
  • The accounts for year ended 30 November 2015, which were signed by her on 24 August 2016 shows that hire purchase contracts were due £4,499, trade creditors were due £5,967, taxation and social security were due £118,347 and other creditors were due £5,290.
  • At liquidation the only known creditor is HMRC for £268,830 in respect of CIS and VAT.
  • Between 01 December 2015 and 06 November 2017, receipts into Solutions’ bank account totalled £1,522,767 and payments totalled £1,589,372. During this period £88,779 was paid to HMRC in respect of VAT which was allocated against previous VAT liabilities, payments of £519,303 for wages/subcontractors, £312,486 to trade and expense creditors, £203,947 to the co-director/for his benefit, £184,124 to/for the benefit of herself, cash withdrawals of £102,909, £154,282 to unknown recipients, £23,341 to financial institutions and bank charges of £202. 

    This information is correct as at 4 / 12 / 2018


    Name: William RITCHIE

    Name: TWR SOLUTIONS LIMITED

    Date of Birth: 10 / 7 / 1980

    Date Order Starts: 21 / 12 / 2018

    Disqualification Length: 6 Years 0 Month(s)

    CRO Number: SC484945

    Last Known Address: 28 Ainslie Road, Cumbernauld, , , GLASGOW, G67 2EB

    Conduct: William Ritchie (“Mr Ritchie”) failed to ensure that TWR Solutions Ltd (“Solutions”) maintained and/or preserved adequate accounting records or alternatively he has failed to deliver up such records as were maintained and/or preserved to the Liquidator for the period 01 December 2015 to 06 November 2017, the date the company entered liquidation. As a result, it has not been possible to:

  • Determine whether payments of £461,138 were for a purpose connected with Solutions’ business including cash payments of £102,909, payments to a connected party of £184,124 and unidentified payments of £154,282.
  • Determine his remuneration.
  • Verify Solutions’ reason for insolvency.
  • Determine all the creditors of Solutions. 2. William RItchie (“Mr Ritchie”) caused or allowed TWR Solutions Ltd (“Solutions”) to trade to the detriment of HM Revenue & Customs (“HMRC”) in respect of CIS from 22 May 2016 to 06 November 2017 and from 07 January 2017 to 06 November 2017 in respect of Value Added Tax (“VAT”) in that: CIS
  • For tax year 2015/2016 Solutions filed CIS returns showing that £61,018 was due to HMRC in respect of CIS. Solutions made no payments resulting in an outstanding balance of £61,018.
  • For tax year 2016/2017 Solutions filed CIS returns showing that £96,411 was due to HMRC in respect of CIS. Solutions made no payments against the liability. An Employment Allowance of £790 was allocated by HMRC, leaving an outstanding balance of £95,621. In addition there were penalties of £1,699. VAT
  • Solutions filed VAT returns up to the quarter ending 08/16 and had an accrued VAT liability of £2,986 relating to a surcharge.
  • Solutions filed VAT returns for quarters ending 11/16 to 05/17 showing that £76,664 (plus surcharges of £11,500) were due. Solution made a payment of £48,534 which was returned as unpaid, leaving an outstanding liability of £88,164.
  • Solutions failed to file any VAT returns for quarters ending 08/17 and 11/17 resulting in HMRC raising assessments totalling £17,342 plus a surcharge of £1,900. Solutions made no payments resulting in an outstanding liability of £19,242. Comparable treatment
  • The accounts for year ended 30 November 2015, which were signed by the co-director on 24 August 2016 shows that hire purchase contracts were due £4,499, trade creditors were due £5,967, taxation and social security were due £118,347 and other creditors were due £5,290.
  • At liquidation the only known creditor is HMRC for £268,830 in respect of CIS and VAT.
  • Between 01 December 2015 and 06 November 2017, receipts into Solutions’ bank account totalled £1,522,767 and payments totalled £1,589,372. During this period £88,779 was paid to HMRC in respect of VAT which was allocated against previous VAT liabilities, payments of £519,303 for wages/subcontractors, £312,486 to trade and expense creditors, £203,947 to himself/for his benefit, £184,124 to the co-director/for her benefit, cash withdrawals of £102,909, £154,282 to unknown recipients, £23,341 to financial institutions and bank charges of £202. 

    This information is correct as at 4 / 12 / 2018



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