AML COMPLIANCE, T&C AND BUSINESS CONSULTING LIMITED

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Disqualified Directors Conduct

Adrian Michael Lowe
May 1969
Disqualified from being a director because of their conduct for the period of
3 Years 6 Month(s)
Disqualification starts from
17 March 2020
Improper conduct which resulted in their disqualification
Adrian Michael Lowe (“Mr Lowe”) failed to ensure that AML Compliance, T&C and Business Consulting Limited (“AML”) paid its Corporation Tax (“CT”) liabilities as and when they fell due, which at the latest was from 01 January 2015, and caused the company to continue trading whilst withdrawing funds for the benefit of the directors, in that:
AML filed a Corporation Tax return for the period ended 31 March 2014 which showed that £13,204.80 was due in respect of Corporation Tax plus £7,429 in tax on unpaid directors’ loans, resulting in a total charge of £20,633.80 due for payment by no later than 01 January 2015. AML made one payment against this liability of £6,227.28 on or around 13 September 2015, resulting in an outstanding balance of £14,406.52 on Liquidation.
AML filed a Corporation Tax return for the period ended 31 March 2015 which showed that £31,060.60 was due in respect of Corporation Tax plus £13,840.50 in tax on unpaid directors’ loans, resulting in a total charge of £44,901.10 due for payment by no later than 01 January 2016. AML made no payments against this liability, resulting in an outstanding balance of £44,901.10 on Liquidation.
AML filed a Corporation Tax return for the period ended 31 March 2016 which showed that £12,481.80 was due in respect of Corporation Tax plus £2,330 in tax on unpaid directors’ loans, resulting in a total charge of £14,811.80 due for payment by no later than 01 January 2017. AML made no payments against this liability, resulting in an outstanding balance of £14,811.80 on Liquidation. Comparative treatment
According to the professionally prepared accounts, AML declared pre-tax profits of £63,944 for the year ended 31 March 2014, £121,296 for the year ended 31 March 2015 and £61,949 for the year ended 31 March 2016. No accounts were prepared for the financial year ended 31 March 2017. The accounts also show that; - During the year to 31 March 2014 the directors received dividends of £40,800, remuneration of £15,360 and directors’ loan account payments totalling £29,716; a total of £85,876. - During the year to 31 March 2015 the directors received dividends of £69,700, remuneration of £14,739 and directors’ loan account payments totalling £55,364; a total of £139,803. - During the year to 31 March 2016 the directors received dividends of £66,200, remuneration of £17,253 and directors’ loan account payments totalling £9,322; a total of £92,775.
Between 01 April 2016 and 02 February 2018, receipts into AML’s bank accounts totalled approximately £249,347. During the same period payments totalling at least £103,628 were made to the directors and payments totalling at least £14,377 were made to their personal credit cards. During this period no payments were made to HM Revenue & Customs in respect of the outstanding Corporation Tax and tax on unpaid directors’ loans.
AML went into liquidation with liabilities of at least £86,568.62, of which £74,119.42 is in respect of outstanding Corporation Tax and tax on unpaid directors’ loans, plus a further £4,571.72 in respect of interest due to HM Revenue & Customs. The Joint Liquidators have calculated that each director had an outstanding director’s loan account of £77,091 as at the date of liquidation.
Rebecca Joanne Rosemary Lowe
December 1975
Disqualified from being a director because of their conduct for the period of
3 Years 6 Month(s)
Disqualification starts from
17 March 2020
Improper conduct which resulted in their disqualification
Rebecca Joanne Rosemary Lowe (“Mrs Lowe”) failed to ensure that AML Compliance, T&C and Business Consulting Limited (“AML”) paid its Corporation Tax (“CT”) liabilities as and when they fell due, which at the latest was from 01 January 2015, and caused the company to continue trading whilst withdrawing funds for the benefit of the directors, in that:
AML filed a Corporation Tax return for the period ended 31 March 2014 which showed that £13,204.80 was due in respect of Corporation Tax plus £7,429 in tax on unpaid directors’ loans, resulting in a total charge of £20,633.80 due for payment by no later than 01 January 2015. AML made one payment against this liability of £6,227.28 on or around 13 September 2015, resulting in an outstanding balance of £14,406.52 on Liquidation.
AML filed a Corporation Tax return for the period ended 31 March 2015 which showed that £31,060.60 was due in respect of Corporation Tax plus £13,840.50 in tax on unpaid directors’ loans, resulting in a total charge of £44,901.10 due for payment by no later than 01 January 2016. AML made no payments against this liability, resulting in an outstanding balance of £44,901.10 on Liquidation.
AML filed a Corporation Tax return for the period ended 31 March 2016 which showed that £12,481.80 was due in respect of Corporation Tax plus £2,330 in tax on unpaid directors’ loans, resulting in a total charge of £14,811.80 due for payment by no later than 01 January 2017. AML made no payments against this liability, resulting in an outstanding balance of £14,811.80 on Liquidation. Comparative treatment
According to the professionally prepared accounts, AML declared pre-tax profits of £63,944 for the year ended 31 March 2014, £121,296 for the year ended 31 March 2015 and £61,949 for the year ended 31 March 2016. No accounts were prepared for the financial year ended 31 March 2017. The accounts also show that; - During the year to 31 March 2014 the directors received dividends of £40,800, remuneration of £15,360 and directors’ loan account payments totalling £29,716; a total of £85,876. - During the year to 31 March 2015 the directors received dividends of £69,700, remuneration of £14,739 and directors’ loan account payments totalling £55,364; a total of £139,803. - During the year to 31 March 2016 the directors received dividends of £66,200, remuneration of £17,253 and directors’ loan account payments totalling £9,322; a total of £92,775.
Between 01 April 2016 and her resignation on 10 February 2017, receipts into AML’s bank accounts totalled approximately £157,787. During the same period payments totalling at least £58,905 were made to the directors and payments totalling at least £9,076 were made to their personal credit cards. During this period no payments were made to HM Revenue & Customs in respect of the outstanding Corporation Tax and tax on unpaid directors’ loans.
AML went into liquidation on 02 February 2018 with liabilities of at least £86,568.62, of which £74,119.42 is in respect of outstanding Corporation Tax and tax on unpaid directors’ loans, plus a further £4,571.72 in respect of interest due to HM Revenue & Customs. The Joint Liquidators have calculated that each director had an outstanding director’s loan account of £77,091 as at the date of liquidation.

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