MR MARTIN TAYLOR

Disqualified from

2024-01-26

Date of birth on record

April 1982

Martin Taylor (‘Mr Taylor’) failed to ensure that SFW Management Limited (‘SFW’), made payments in full, as and when due, to His Majesty’s Revenue and Customs (‘HMRC’) and he caused SFW to trade to the detriment of HMRC in respect of VAT from 07 May 2018 to his resignation on 25 March 2021: Between the periods ending March 2018 and December 2020 SFW incurred VAT liabilities of £141,278, based on returns submitted to HMRC, inclusive of surcharges and penalties. SFW was £6,355 in credit prior to the March 2018 return and made payments of £7,352 towards these liabilities on 11 January 2019 (£1,563) and 4 September 2020 (£5,789), leaving an outstanding liability of £127,571. SFW’s prepared financial statements for years ending 30 April 2018, 30 April 2019 and 30 April 2020 record total liabilities owed to HMRC of £37,327, £95,296 and £159,592 and other creditors of £22,898, £10,642 and £12,296 respectively. Statements for SFW’s bank account for the period 07 May 2018 to 25 March 2021 record payments into the account totalling £10,362,479 and debits from the account totalling £10,272,291. In the same period, HMRC received payments totalling £89,473, of which £9,352 was paid toward VAT. HMRC have claimed £245,282 in SFW’s liquidation in respect of VAT, PAYE, NIC, penalties and interest. The only other claims received by the liquidator are for £24,429 in respect of other creditors.