DRM SUPPLY CHAIN CONSULTANCY LIMITED

DAVID ROBERT MILLS

August 1973

Disqualified from being a director because of their conduct for the period of

5 Years 0 Month(s)

Disqualification starts from

11 July 2022

Improper conduct which resulted in their disqualification

Mr David Robert Mills (‘Mr Mills’) failed to ensure that DRM Supply Chain Consultancy Ltd (‘DRM’) met its financial commitments as regards Corporation Tax ('CT') and VAT and caused DRM to trade to the detriment of HM Revenue & Customs ('HMRC') and to his own benefit from at least 01 September 2017 when CT for the year ended 30 November 2016 fell due, to its cessation in April 2021. As a consequence, HMRC is owed at least £180,123 in unpaid taxes and surcharges. In that: Information provided by HMRC shows that £18,894 was due for CT for the year ended 30 November 2016, which should have been settled by 01 September 2017; Although payments were made towards this liability, from September 2017 to June 2019, at the liquidation date a balance of £358 remained due for this year; Further CT accrued over following years, no further payments were made and a total of £91,428 was outstanding at the date of the liquidation; DRM registered for VAT on 18 November 2015 and returns were filed to the quarter ended February 2021, thereafter HMRC raised assessments; VAT was not paid on time for most periods and at the liquidation date a balance remained unpaid from the quarter ended November 2017; A total of £82,057 was due in unpaid VAT, which includes an estimate for the period from March 2021 to DRM’s cessation; The accounts do not show any trade creditors, but the amount due to HMRC increased in each year, from £27,739 in the year to 30 November 2016 to £180,123 at the liquidation date; Mr Mills had an overdrawn director’s loan account which increased from £14,627 as at November 2016 to £340,136 by the liquidation date; Bank statements from 01 December 2018 show total payments of £489,479 of which £390,939 (net) was paid to Mr Mills, £3,870 was withdrawn in cash and £28,770 was paid to HMRC. In May 2020 Mr Mills caused DRM to obtain a Government-backed bounce back loan (‘BBL’) of £40,000 and did not use the entirety of the monies for the economic benefit of the business, contrary to the terms of the BBL scheme. In that: On 12 May 2020 a BBL of £40,000 was paid into DRM’s bank account; By 28 July 2020 these monies had been dissipated; In this period Mr Mills withdrew £47,980, of which at least £35,040 was funded from the BBL; In the year to 30 November 2020 draft accounts show that Mr Mills’ overdrawn director’s loan account increased by £134,124, which increase was funded in part by the BBL.