Name: Stacey Williams

Name: CPS ENTERTAINMENT (GLASGOW) LIMITED

Date of Birth: 30 / 7 / 1987

Date Order Starts: 12 / 2 / 2024

Disqualification Length: 6 Years 0 Month(s)

CRO Number: SC480398

Last Known Address: 159 Mallaig Road, , , , GLASGOW, G51 4NU

Conduct: In the period between 1 December 2018 (the day after the last filed accounts) and 7 March 2022 (the date of liquidation), Stacey Williams (“Ms Williams”) failed to ensure that CPS Entertainment (Glasgow) Ltd (“CPS”) maintained and/or persevered adequate accounting records, or in the alternative failed to deliver up adequate accounting records to the Liquidator, such that it has not been possible to verify the following: Whether the income received into the company bank account, totalling £642,043 is a true reflection of all sales, especially on the basis that the company operated in a cash industry. Of this income, £103,725 is disclosed to be cash receipts. Whether the expenditure, totalling £637,494 was wholly for the benefit of the company, including whether the whole of the Bounce Back Loan (BBL) of £50,000 including an unexplained transfer of £11,860 and other unexplained transactions totalling £25,087, were used for the economic benefit of the company. Whether further amounts totalling £36,600, explained as payments to artists and acts, during a period of total shut down and subsequent the restrictions of Covid, were for legitimate business purposes. Whether the debtor figure of £14,396 at 31 November 2018 was collected for the benefit of the company. Whether the creditor claims totalling £61,932 at liquidation is the true extent of the outstanding liabilities, which were disclosed to be £28,085 at 30 November 2018. What happened to the Fixed Assets of £15,714 at 30 November 2018, between then and the date of liquidation, and whether any assets were added or disposed of after 30 November 2018. While the accounts to November 2018, show stock of £3,500, in the absence of company records it is not possible to verify what this stock was and what happened to the stock after 30 November 2018. What the position is for the Directors Loan Account (DLA), which at 30 November 2018 is disclosed as overdrawn by each of the current and former directors by £3,288. What, if any amounts are owed to employees in respect of arrears of pay, holiday pay, pay in lieu of notice and redundancy. What the true financial position of the company is between 1 December 2018 and the date of liquidation by the company’s failure to file accounts to 30 November 2019 and 30 November 2020. 

This information is correct as at 22 / 1 / 2024

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