Case details for Fredrick Kofi Ampofo

Name: Fredrick Kofi Ampofo

Name: Force One Security Solution (London) Limited

Date of Birth: 21 / 9 / 1961

Date Order Starts: 10 / 11 / 2020

Disqualification Length: 7 Years 0 Month(s)

CRO Number: 09608832

Last Known Address: 3 Coe Avenue, , South Norwood, , LONDON, SE25 5HN

Conduct: Fredrick Kofi Ampofo (“Mr Ampofo”) failed to ensure that Force One Security Solution (London) Limited (“Force One”) maintained and/or preserved adequate accounting records, or alternatively, failed to deliver up such records to the Liquidator. Due to the inadequate accounting records for the period 01 June 2016 to 20 June 2017, the date of Liquidation, it is not possible to: • Determine what salary, loans, dividends and other benefits were paid to Mr Ampofo from bank payments to him totalling £21,376 between June 2016 and June 2017, or verify the balance on any director’s loan account at the date of liquidation. • Determine the purpose of payments totalling £19,773 for high street and domestic expenditure made from Force One’s bank account between June 2016 and June 2017, and determine whether any of the payments should have been accounted for through a director’s loan account. • Determine the purpose of cash withdrawals totalling £9,724 that were made from Force One’s bank account between June 2016 and April 2017 and verify that the cash was spent on legitimate company expenses. • Determine whether wages payments totalling £9,838 between June 2016 and May 2017 to two individuals who are not included in Force One’s payroll records were for legitimate company expenses or verify that the correct PAYE/NIC/CIS deductions were made from the payments. • Determine why Force One made payments totalling £17,000 to an associated company in May and June 2017 and verify whether this is a debt due in the liquidation. • Determine whether bank transfers totalling £5,020 during June 2016 and May 2017 were for legitimate company expenses. • Verify the cause of Force One’s insolvency and Mr Ampofo caused Force One to trade to the detriment of HM Revenue & Customs (“HMRC”) in respect of VAT from 7 December 2015 and June 2017, and in respect of PAYE/NIC/CIS between 22 April 2016 and June 2017, resulting in liabilities at liquidation totalling at least £66,499 (exclusive of surcharges). In that: • VAT liabilities totalling £40,457 are outstanding for the quarters ended 10/15, 01/16, 04/16, 07/16, 10/16, 01/17 and 04/17 together with surcharges totalling £3,355. • PAYE/NIC/CIS liabilities totalling £26,042 are outstanding for the tax years 2015/16, 2016/17 and 2017/18 • At cessation of trade HMRC was Force One’s largest creditor with debts totalling £75,009 of Force One’s total liabilities of £76,438. At this date trade creditors stood at £1,429; Payments from the bank account from 07 December 2015 to liquidation total £251,759, including £127,660 paid to staff (other than directors) and trade expenses, and £13,752 withdrawn in cash. Mr Ampofo and his wife received payments totalling £30,213 and there was personal high street spending of £30,694. During this period a total of £5,500 was paid in respect of PAYE/NIC/CIS. No payments were made for VAT. 

This information is correct as at 3 / 9 / 2021

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