Case details for Roger MABBOTT

Name: Roger MABBOTT

Name: Fleetward Limited

Date of Birth: 3 / 8 / 1948

Date Order Starts: 28 / 10 / 2021

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 06645557

Last Known Address: 544 Route du Dauphine Peyzieu, , , , Arboys en Bugey ,, 01300

Conduct: Roger Mabbott (Mr Mabbott) caused Fleetward Limited (hereafter referred to as “Fleetward”) to apply for and accept a Bounce Back Loan of £10,000 when not eligible for such support in that: • On 18 May 2020 Fleetward applied for a Bounce Back Loan of £10,000 from Barclays Bank. The application form was completed by Mr Mabbott on behalf of Fleetward. • On the application form Fleetward declared turnover of £81,000 for the calendar year 2019. • The loan terms allowed Fleetward to apply for a loan up to 25% of the annual turnover of the company from £2,000 - £50,000. • From examination of the bank account (which Mr Mabbott states is the sole bank account for Fleetward) income received into the account totalled £3,246.71 in 2019. • No company records have been provided to support the stated turnover of £81,000 and no explanation of why the bank account does not reflect the turnover stated on the application form has been provided. • On the application form Fleetward declared that it was not insolvent or a business in difficulty on 31 December 2019. At this time Fleetward had lost both of its contracts and owed HMRC more than £26,000 for VAT and £81,000 for Corporation Tax. • In the Director’s questionnaire, completed 14 July 2021, Mr Mabbott stated that he had sought insolvency advice in respect of Fleetward on 03 March 2019 and was advised that Fleetward was insolvent by statutory definition on the basis that it could not pay its liabilities as and when they fell due and he must act in the best interests of the creditors. • Information provided by HMRC shows Mr Mabbott advised them that Fleetward had been negatively affected by Covid, but later stated that this wasn’t the case and that the business had actually not traded since the start of 2019. Mr Mabbott caused Fleetward to trade to the detriment of HMRC and failed to deal with the tax affairs of the company, instead benefitting himself in that: • In the calendar year 2018, £114,011.40 was credited to the sole company bank account. • Of the £114,011.40 received, £114,437.83 was paid out of the sole company bank account. HMRC received £731.11, other creditors received £27,006.72 and Mr Mabbott personally received £86,700. • Of the payments of £114,437.83 paid out of the company bank account in 2018, HMRC received 0.64% of the total payments, Mr Mabbott received 75.76% with other creditors receiving the remaining 23.60%. • In the calendar year 2019, £3,246.71 was credited to the sole company bank account. • Of the £3,246.71 received, £3,165.29 was paid out of the sole company bank account. HMRC received £89.29, other creditors received £1,686.00 and you personally received £1,390.00. • Of the payments of £3,165.29 made out of the company bank account in 2019, HMRC received 2.82% of the total payments, you received 43.91% with other creditors receiving the remaining 53.27%. • At 21 May 2019 the Director’s Loan account stands at £92,605.35 owed by Mr Mabbott to Fleetward. • VAT returns totalling over £26,000 have not been paid from period 10/17 to 04/18 and from period 04/19 to 10/19. No information is available for period 07/18 – 01/19. • Corporation Tax debts of at least £27,000 are owed to HMRC, with the return for FYE 31/01/2019 having not been submitted and the outstanding balance not known. 

This information is correct as at 11 / 10 / 2021



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