Case details for Stephen Michael  Lewis

Name: Stephen Michael  Lewis


Date of Birth: 7 / 1 / 1971

Date Order Starts: 18 / 11 / 2021

Disqualification Length: 5 Years 0 Month(s)

CRO Number: 07387209

Last Known Address: Hendre, , Llanddewi Velfrey, , NARBERTH, SA67 7EQ

Conduct: From 1 October 2016 until the end of trading, some time prior to liquidation on 27 March 2019, Mr Stephen Michael Lewis (Mr Lewis) failed to ensure that Findry Professional Recruitment Ltd (Findry) maintained and/or preserved adequate accounting records, or in the alternative, failed to deliver up such records to the liquidator. As a consequence it has not been possible to account for the following: 1) The position regarding the company’s expenditure: • There are regular cash withdrawals, direct debits and card payments going out of the account. In the absence of accounting records, it is not possible to say if these were used for the benefit of the company and its creditors nor is it possible to determine the company’s expenditure during the period of trading. 2) The position regarding the Director’s Loan Account: • Without books and records it is not possible to verify/substantiate the level of remuneration paid to the director and the amounts owed to, or owed by, the director in respect of any director’s loan account. The last set of accounts up to 30 September 2016 show the loan account attributed to Mr Lewis is overdrawn by £44,283. Mr Lewis has stated at interview that he has since repaid this loan to the company but there is no supporting evidence. • Mr Lewis stated at interview that he loaned the company around £25,000 in the last 12-18 months of trading, again without documentary evidence this cannot be verified. • The Liquidator has asked Mr Lewis to explain and evidence the reason he withdrew funds of £27,500 from the company bank account on 6 April 2018 however he has been unable/unwilling to do so due to a lack of records. 3) The position regarding the company’s assets: • A review of bank statements undertaken by the Liquidator highlighted payments to 4 insurance companies. A lack of books and records and co-operation from Mr Lewis means the liquidator has been unable to establish the potential assets to which these payments relate. • The last set of accounts cover the period ending 30 September 2016. These show debtors of £57,246 and cash at bank of £6,750. A lack of books and records means it has not been possible to establish if these funds have been recovered or what the position was at the end of trading. 4) The correct position in relation to Value Added Tax (VAT) • Between 1 October 2016 and liquidation the company claimed VAT repayments totalling £11,504.14. There are no books and records to support these refunds. 

This information is correct as at 29 / 10 / 2021

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