CompaniesInTheUK

MR Roy DAVIES

12 current appointments · 8 resigned

Director disqualification 1

A record on the Insolvency Service's register of disqualified directors matches this person's name and a company they were an officer of. Companies House publishes no reliable person identifier, so confirm on the official register before relying on it.

ROY DAVIES

6 Years 0 Month(s)
Same company (no. 09557261) Same month of birth Name matched
Disqualified from
2020-07-15
Date of birth on record
October 1964

Mr Roy Davies caused LTG Recruitment Ltd to trade at the risk of HMRC, to their ultimate detriment and to his benefit, between 22 August 2015 and September 2016 when the company ceased trading, with the result that when LTG went into liquidation on 11 October 2016 HMRC were owed at least £289,874. Furthermore, after making the decision to liquidate the company on 07 September 2016 at the latest, Mr Davies caused LTG to enter into transactions between 07 September 2016 and 11 October 2016 which were to the detriment of the company’s creditors in general, and HMRC in particular: HMRC • From August 2015 to August 2016 the company incurred PAYE/NIC liabilities of £251,394, the oldest of which was due for payment on 22 August 2015. From 11 May 2016 to 25 July 2016 the company made three payments in respect of PAYE/NIC totalling £28,650 leaving £222,744 outstanding at the date of liquidation. • VAT returns for the quarters ended 10/15 to 04/16 show VAT liabilities of £45,766. The oldest VAT liability of £9,957 for the quarter ended 10/15 was due for payment on 07 December 2015. • No further VAT returns were submitted by the company and HMRC raised an assessment for 07/16 of £21,363 (including surcharges of £1,017). • The company has made no payments towards its VAT liabilities leaving £67,130 outstanding at the date of liquidation. Benefit to Mr Davies and associated companies • LTG’s bank statements show that from 22 August 2015 to 11 October 2016 when the company went into liquidation, LTG received net payments into its bank accounts of £1,204,675 and made net payments out of its bank accounts of £1,235,599. The payments out of the bank accounts included £104,476 to Mr Davies and £38,724 to associated companies. • Accounts prepared for LTG for the period ended 31 March 2016 showed that Mr Davies had an overdrawn DLA of £31,516. Those accounts showed Director’s remuneration of £2,089. • LTG’s Sage records show that from 02 July 2015 to 16 September 2016 Mr Davies received the benefit of £114,081 from the company by way of a Director’s Loan Account. In the same period amounts totalling £101,143 were deducted from his DLA leaving an overdrawn balance of £12,938 at the date of liquidation. 07 September 2016 onwards • LTG’s records show that a decision had been made on 07 September 2016 at the latest to liquidate the company and the company’s accountant was informed of that decision on that date. The company received advice from an Insolvency Practitioner on 12 September 2016. • LTG’s records show that on 12 September 2016, at a time when LTG was in arrears with payments to HMRC a salary bonus to Mr Davies in the sum of £152,734 (gross) was posted which was attributed to the payroll for March 2016. The net salary arising from this bonus payment totalling £82,000 was offset against his overdrawn DLA. Had this bonus payment not been made his overdrawn DLA at the date of liquidation would have been £94,938 which would have been recoverable by the liquidator. • The bonus payment to Mr Davies for March 2016 resulted in an amendment to LTG’s PAYE and NIC liability for that month which increased the company’s liability by £92,411. The total payments made by the company in respect of PAYE and NIC from March 2016 onwards was £28,650 and so at least £63,761 of the liability caused by his bonus payment remains outstanding at the date of liquidation. • From 07 September 2016 to 11 October 2016 LTG received net payments into its account of £93,307 and made net payments out of its account of £94,726. The net payments out of the account included £34,029 to an associated company, £12,100 to Mr Davies, and £993 to HMRC on behalf of an associated company. No payments were made to HMRC in this period on behalf of LTG. Of the payments out of the account in this period, payments totalling £14,386 to the associated company were made on or after 19 September 2016 when Mr Davies signed the engagement letter for an Insolvency Practitioner

Details

Nationality
British
Country of residence
United Kingdom
Date of birth
October 1964
Correspondence address
Cowgill Holloway Business Recovery Llp Regency House, 45-53 Chorley New Road, Bolton, Lancashire, BL1 4QR

Track record

17

companies, the first appointed in 1999. 15 are now dissolved, 2 still on the register.

5 of them are registered at the same address (BL1 4QR) — commonly an accountant, a shared office or a family business.

Appointments 20

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.