Name: DARREN CHARLES PARKS

Name: D C PARKS LIMITED

Date of Birth: 3 / 10 / 1971

Date Order Starts: 6 / 8 / 2025

Disqualification Length: 11 years Years 0 Month(s)

CRO Number: 08463195

Last Known Address: Ashridge, Cow Lane, Ashley, , , ALTRINCHAM, WA15 0QQ

Conduct: On 15 May 2020 Darren Charles Parks (“Mr Parks”) provided false or knowingly inaccurate information relating to DC Parks Ltd’s (“DCP”) application for a Government backed Bounce Back Loan (“BBL”) resulting in DCP receiving a larger BBL than it was entitled. Furthermore, the BBL funds were not used to the economic benefit of DCP. In that: • A company that was trading prior to 01 January 2019 and was adversely affected by COVID-19, was eligible for a BBL of 25% of its turnover in the calendar year 2019. Any BBL provided was to be used wholly for the economic benefit of the applicant company. • DCP had operated, since March 2014, as a service company through which Mr Parks provided his services as a radio broadcaster to one customer. • Mr Parks issued monthly sales invoices to the customer who made monthly remittances into DCP’s bank account which was monitored by Mr Parks. • Accounts prepared for DCP show turnover of £77,674 in the year ended 31.03.17, £82,382 in the year ended 31.03.18, £81,148 in the year ended 31.03.19, £81,128 in the year ended 31.03.20 and £81,875 in the year ended 31.03.21. • Mr Parks approved the accounts for the year ended 31.03.19 on 27 December 2019. • DCP’s bank statements show deposits of £94,833.66 in the calendar year 2019 comprising net sales (turnover) of £79,028.05 and VAT of £15,805.61. • On 15 May 2020 Mr Parks applied, on behalf of DCP, for a BBL of £50,000 declaring turnover of £200,000 and declaring that DCP was adversely affected by COVID-19. • On turnover for the calendar year 2019, the maximum BBL to which DCP would have been entitled, had it been adversely affected by COVID-19, was £19,757. • DCP received the BBL of £50,000 on 20 May 2020. Use of BBL funds • £50,000 of BBL funding was credited to DCP’s bank account on 20 May 2020. Prior to its receipt, the account was £70 in credit. • Between 22 May 2020 and 24 May 2020, £50,000 was transferred from DCP’s bank account to Mr Parks. • Mr Parks states that the £50,000 transferred to him was used to pay personal debts and was not used for the economic benefit of DCP. • The Statement of Affairs, signed by Mr Parks on 14 October 2022, details a debt owed by him to DCP of £184,935. • Between 20 June 2021 and 20 July 2022, DCP made 14 repayments totalling £7,837.39 in respect of the BBL. • DCP entered creditors voluntary liquidation on 20 October 2022. At liquidation £43,781.37 was owed to its bank in respect of the BBL. Mr Parks failed to ensure that DCP met its financial commitments as regards to Corporation Tax (“CT”) and Value Added Tax (“VAT”) and caused the company to continue trading whilst withdrawing funds for the benefit of himself. As a result DCP became unable to meet its financial commitments to HM Revenue & Customs (“HMRC”) as and when they became due from 01 April 2019. In that: • Up to 31 March 2021, Mr Parks’ nominal salary and dividend entitlement were credited to his director’s loan account (“DLA”). • Accounts for DCP for the year ended 31 March 2019 show that, after his salary and dividend entitlements, Mr Parks owed £25,911 to DCP. • Accounts for DCP for the year ended 31 March 2020 show that, after his salary and dividend entitlements, Mr Parks owed £52,640 to DCP. • Accounts for DCP for the year ended 31 March 2021 show that, after his salary and dividend entitlements, Mr Parks owed £140,394 to DCP. • At 31 March 2019, DCP owed at least £22,056.88 to HMRC comprising a Corporation Tax (“CT”) liability of £12,927.98 for the year ended 31 March 2019 and £9,128.90 in respect of VAT and surcharges for the period 01 October 2018 to 31 March 2019. • Further CT liabilities totalling £63,903.12 were incurred, by DCP, for the year ended 31 March 2020 and 31 March 2021. • On 23 December 2020, £300 was paid to HMRC on account of DCP’s CT liability for the year ended 31 March 2019. No further payments were made to HMRC in respect of CT. • Between 01 April 2019 and 20 October 2022, DCP incurred further VAT liabilities of £57,854.25 plus surcharges of £3,317.83. • Between 19 July 2019 and 22 May 2020, £6,500 was paid to HMRC which cleared DCP’s VAT liability for the period 01 October 2018 to 31 December 2018 and reduced its VAT liability for the period 01 January 2019 to 31 March 2019. No further payments were made to HMRC in respect of VAT. • Between 01 April 2021 and 20 October 2022, Mr Parks drew a net amount of £114,624 from DCP’s bank accounts, increasing his debt to DCP of up to £255,018. • At liquidation, HMRC were owed £140,332 plus interest of £3,458. 

This information is correct as at 17 / 7 / 2025

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