Case details for JOHN RICHARD SEARLE



Date of Birth: 14 / 10 / 1955

Date Order Starts: 1 / 10 / 2021

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 08517339

Last Known Address: 19 Mill Close, , Middle Assendon, , HENLEY-ON-THAMES, RG9 6BA

Conduct: From his appointment as a director of Assendon Management Systems Limited (“Assendon”) on 13 December 2016, John Richard Searle (“Mr Searle”) failed to ensure Assendon complied with its statutory obligations to HMRC and as a consequence caused Assendon to trade to the detriment of HMRC from at the latest 1 June 2017. In that: • On Mr Searle’s appointment as a director of Assendon, VAT returns record unpaid and overdue VAT liabilities of £9,996.91 for the 3 VAT return periods ending 30 April 2016, 31 July 2016 and 31 October 2016. These amounts remained outstanding at the date of Assendon’s liquidation. • VAT returns for the 9 VAT periods ending 31 January 2017 and 31 July 2017 to 30 April 2019 disclose a VAT liability totalling £51,216.67. No payment was made on account of these liabilities. • A claim return of £7.90 was submitted for the 30 April 2017 VAT period ending. This amount was credited to the surcharge amount raised for the 31 July 2015 period. • In the absence of the VAT return for period ending 31 July 2019 HMRC raised an estimated assessment in the amount of £8,127. No payment was made on account of this liability. • VAT assessments totalling £8,473 were also raised for the VAT and part VAT periods ending 31 October 2019 and 31 January 2020 respectively. These amounts were not due for payment at the date of liquidation. • As a consequence of the failure to make payment of the VAT liabilities, HMRC raised default surcharges of £9,525.01 of which £7,682.46 was incurred from the VAT period ending 31 January 2017 onwards. No payments were made on account of these surcharge liabilities. • At liquidation VAT liabilities totalling £78,865.59 including surcharges remained unpaid for the VAT periods ending 30 April 2016 to 31 July 2019 of which £67,026.13 had accrued from the VAT period ending 31 January 2017 onwards. • Corporation Tax liabilities totalling £45,670.62 for the periods 1 June 2015 to 31 May 2016, 1 June 2016 to 31 May 2017 and 1 June 2017 to 31 May 2018 and RTI PAYE/NIC totalling £3,330.55 for the 2018/19 and the part 2019/20 tax years plus accrued interest of £2,190.84 remained outstanding at the date of liquidation. Pattern of Payment • Assendon’s accounts for the period ending 31 May 2017 list outstanding HMRC liabilities of £66,603, director’s loans of £54,076, director’s remuneration of £10,083 and dividend payments of £4,700. • The accounts for the periods ending 31 May 2018 list increased HMRC liabilities of £108,874, increased director’s loans to £80,645, director’s remuneration of £12,517 and increased dividend payments of £103,500. • As at 13 November 2019, the date of compulsory liquidation, Assendon’s outstanding HMRC debt stood at least £138,530.60 including surcharges and interest as per the claim submitted by HMRC and the director’s loan account stood at £36,463.82. • As detailed above, from 1 June 2017 Assendon’s outstanding HMRC liabilities had risen from £66,603 to at least £138,530.60 including surcharges and interest, whilst the director received sums totalling £167,263.82 comprising of net director’s loans (£36,463.82), remuneration (£22,600) and dividends (£108,200). The HMRC liability is the sole creditor claim listed in the liquidation. 

This information is correct as at 14 / 9 / 2021

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