Case details for Nicola Sweeney

Name: Nicola Sweeney

Name: ATOM ELECTRICAL SOLUTIONS LTD

Date of Birth: 30 / 6 / 1979

Date Order Starts: 23 / 12 / 2024

Disqualification Length: 7 years Years 0 Month(s)

CRO Number: SC604093

Last Known Address: 63 Springwell Crescent,, , , , Blantyre,, G72 0LP

Conduct: Nicola Sweeney (“Mrs Sweeney”) failed to ensure that Atom Electrical Solutions Limited (“Atom”) complied with its statutory obligations to submit returns and payments to HM Revenue & Customs (“HMRC”) as and when due and caused Atom to trade to the detriment of HMRC in respect of Value Added Tax (“VAT”) from 7 October 2019 to April 2022 (cessation), resulting in VAT liabilities at Liquidation totalling £296,956 and respect of Pay As You Earn/National Insurance Contributions/Construction Industry Scheme (“PAYE/NIC/CIS”) from 22 September 2019 to April 2022 (cessation), resulting in PAYE/NIC liabilities at liquidation totalling £82,934. Over this period, payments to wages, Mrs Sweeney and other creditors were maintained. VAT • On 29 August 2019 the company’s VAT liability was £0. • On 09 October 2019 Atom submitted a return for the VAT quarter ended 30 August 2019 due 07 October 2019 disclosing a VAT liability of £28,141. • Atom failed to submit returns in respect of the ten VAT quarters ended 30 November 2019, due 07 January 2020, to 28 February 2022, due 07 April 2022. As a consequence, HMRC raised estimated assessments in the total sum of £243,659 and levied £25,156 in surcharges. • Over the period no payments were made toward this VAT debt leaving £296,956 outstanding at liquidation. PAYE/NIC • On the 21 September 2019 the company’s PAYE/NIC/CIS liability was £406 in credit • Atom submitted Real Time Information (“RTI”) returns for the period ended 05 September 2019 to 05 June 2022 disclosing a PAYE/NIC/CIS liability of £90,934. Against which Employment allowance of £8,000 applied. Leaving a PAYE/NIC liability of £82,934. • Over the period no payments were made toward this PAYE/NIC debt leaving £82,934 outstanding at liquidation. Comparative Treatment • Company accounts for the year ending 31 August 2019 show creditors as £5,108. No further breakdown is given in the accounts to who the creditors were. • Analysis of the company’s bank account between 01 September 2020 and 29 June 2022 the date of liquidation shows receipts of £447,842 and payments out in the total sum of £494,145. Of the £494,145 paid out of the account £308,504 was paid against trade and expense liabilities, £146,458 in respect of wages, £33,011 to Mrs Sweeney, £4,845 to loan repayments, £420 in cash withdrawals, and £907 applied to bank charges. In comparison £0 was paid to HMRC. • One creditor claim submitted at liquidation from HMRC totalling £412,929. In addition the bank was owed £45,000. 

This information is correct as at 3 / 12 / 2024



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