CompaniesInTheUK

MR RAYMOND KENNETH MACKAY

1 current appointment · 1 resigned

Director disqualification 1

A record on the Insolvency Service's register of disqualified directors matches this person's name and date of birth. Companies House publishes no reliable person identifier, so confirm on the official register before relying on it.

Raymond MACKAY

8 Years 0 Month(s)
Same month of birth Name matched
Disqualified from
2022-07-22
Date of birth on record
December 1983

Raymond MacKay “Mr MacKay” caused RAY MAC Limited (“the company”) to apply for and receive a Bounce Back Loan (“BBL”) of £50,000 to which the company was not entitled. Furthermore, Mr MacKay caused the company to claim JRS Grants from HM Revenue & Customs (“HMRC”) from which Mr MacKay received furlough pay, when he knew, or ought to have known, that the company was not fully entitled to Covid-19 benefits. In that: BBL: A business could apply for a BBL of between £2,000 and £50,000 subject to a maximum of up to 25% of turnover in the calendar year 2019. On or around 02 June 2020 Mr MacKay, on behalf of the company, completed and submitted a BBL application within which Mr MacKay stated the company’s 2019 turnover was £200,000. Mr MacKay also confirmed that the loan value was equal to, or less, than 25% of the company’s annual turnover for 2019 and the company had been adversely impacted by Covid-19. The company’s annual accounts to 28 February 2019 and 28 February 2020 disclose the company achieved turnover of £69,941 and £77,369 respectively, giving rise to an average turnover in 2019 calendar year of £76,126. Therefore, at most, the company was entitled to a BBL of no more than £19,032 if it was adversely impacted by Covid-19. An analysis of the company’s bank statements between 01 March 2020 and 29 July 2021 disclosed the company received receipts totalling £171,638 from which payments, totalling the same value, were made. The analysis further revealed: Between 01 March 2020 and 28 February 2021, the company received receipts totalling £167,030. Excluding the BBL of £50,000 and JRS Grants totalling £6,208 the balance of £110,822, of which £70,109 was received from income earned from Mr MacKay’s services, is comparable to the company’s previous financial year consequently the company was not impacted by Covid-19 to justify the company applying for and receiving a BBL of £50,000 or any other value. JRS GRANTS: To qualify for furlough pay an employee had to meet the following criteria: Between March 2020 and June 2020 no work/furlough combination was permitted and for employees who qualified the government paid 80% of a wage up to £2,500. Between July 2020 and August 2020 work/furlough pay combination was permitted and for employees who qualified the government paid 80% of a wage up to £2,500. During September 2020 and October 2020 work/furlough pay combination was permitted for employees who qualified the government paid 70% of a wage up to £2,187.50 and 60% of a wage up to £1,875 respectively. Between November 2020 and June 2021 work/furlough pay combination was permitted and for employees who qualified the government paid 80% of a wage up to £2,500. Notwithstanding the company earned, from services provided by Mr MacKay, sufficient income between March 2020 and September 2020 and January 2021 to February 2021 to allow the company to remunerate Mr MacKay in full he caused the company to apply for, and receive, JRS Grants from HMRC totalling £6,793.20, for the period March 2020 to February 2021, all of which was paid to Mr MacKay who was only entitled to receive furlough pay totalling £1,171.20 to accommodate payment of wages between October 2020 and December 2020 when the criteria was met.

Details

Occupation
PROPERTY MANAGER
Nationality
SCOTTISH
Country of residence
SCOTLAND
Date of birth
December 1983
Correspondence address
19 CRAIGIE PARK, ABERDEEN, SCOTLAND, AB25 2SE

Track record

2

companies, the first appointed in 2021. 1 is now dissolved, 1 still on the register.

2 of them are registered at the same address (AB25 2SE) — commonly an accountant, a shared office or a family business.

Appointments 2

Why these appointments?

Companies House does not publish a reliable identifier for a person. We group appointments by name and date of birth, so this list may be incomplete — the same person can appear under a different spelling or with no date of birth recorded.

Records that may be the same person 1

These are separate Companies House records that share details with this one. Companies House does not publish a reliable person identifier, so they may or may not be the same individual. Check before relying on this.