Case details for Michael William Glasspool

Name: Michael William Glasspool

Name: CONTINUUM PROCUREMENT SERVICES LIMITED

Date of Birth: 16 / 9 / 1959

Date Order Starts: 21 / 2 / 2020

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 08727326

Last Known Address: 34 Perry Street, , , , BILLERICAY, CM12 0NA

Conduct: Michael Glasspool (“Mr Glasspool”) caused Continuum Procurement Services Limited (“Continuum”) to trade for his personal benefit and to the detriment of HM Revenue & Customs (“HMRC”) in respect of Value Added Tax (“VAT”) from at least 10 February 2014 (when the payment for the VAT quarter ended January 2014 ought to have been paid in full), to the liquidation of the company on 25 July 2018, resulting in VAT liabilities at liquidation totalling £40,862.50 (inclusive of surcharges); Corporation Tax (“CT”) charges and penalties from 2013/2014 to the liquidation of the company resulting in CT liabilities at liquidation totalling £1,400; and PAYE as you Earn (“PAYE”) from 2014/2015 to the liquidation of the company in the sum of £1,087.02, in that: • VAT liabilities totalling £37,109.00 are outstanding for the 19 VAT quarters between 01/14 and 07/18, together with surcharges totalling £3,753.50 against which no payments were made. • CT charges and penalties totalling £1,200 are outstanding for the years ended 2013/2014, 2014/2015 and 2015/2016 against which no payments were made. • PAYE liabilities totalling £1,087.02 are outstanding for the year ended 2014/2015 against which no payments were made. • At cessation of trade HMRC was Continuum’s majority creditor with a claim totalling £43,349.52. The only other creditor to lodge a claim in the liquidation was the company’s accountant in the sum of £1,400. • Payments from the bank account between 10 February 2014 and liquidation total £155,331.67, including payments of £144,260.00 to him. No payments were made to HMRC during this period. 

This information is correct as at 9 / 3 / 2020



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