Property Bosses ordered to pay back £182,000
A recent press release on the official gov.uk website highlights the case of a husband and wife team of directors of ‘London and Berkshire Limited‘ who were reported to have taken out payments of at least £182,000 during an investigation by the Official Receiver following the company’s shut down in June 2015.
“Husband and wife, Dawn and Jacob Goulde, of Hatch End, North West London, were the directors of London and Berkshire Limited. Incorporated in August 2009, the company was concerned with property valuation and surveying.
Just six years later, however, London and Berkshire was shut down by the courts in June 2015 following a petition by the tax authorities to wind-up the company.
The Official Receiver was appointed by the court to undertake the liquidation, as well as carry out investigations into why the company failed and the conduct of the directors.
Investigations established that Dawn and Jacob had personally benefited from payments taken out of the company’s bank accounts of at least £182,000. The payments were made between January 2010 and April 2013 and the couple were unable to justify them.
Over the same period, Dawn and Jacob also failed to file any tax returns on behalf of the company, resulting in the tax authorities having to raise outstanding charges of just under £200,000. The sum also included arrears for unpaid corporate tax and employee contributions.
Further enquiries by the Official Receiver found that the company only made one payment of just over £6,000 to the tax authorities throughout the life of London and Berkshire.”
Full story available to read on the Gov.uk website.
You May Also Enjoy
Investing in Properties to Let as Airbnbs on the Isle of Wight
Breaking Property News – 16/05/24
Breaking Property News – 15/05/24
7 Ways to Scale Your Property Portfolio Up or Down
Rightmove’s weekly mortgage tracker – 15/05/24