Andrew George Pontin, the director of Monterpoint Limited (Monterpoint), a company based in Brixton, South London and provided web based software systems, has been disqualified from acting as a director for six years after failing to pay VAT and PAYE. The disqualification follows an investigation by the Company Investigations Team in London, part of The Insolvency Service.
Mr Pontin, 51, has given an undertaking to the Secretary of State for Business, Innovation and Skills, he will not act as a director of a limited company for six years with effect from 16 December 2012.
Monterpoint Limited went into liquidation in November 2010 owing 325,472 including 219,626 to HM Revenue and Customs (HMRC) in unpaid tax.
From February 2009 and November 2010 the company incurred 150,786 in VAT but just paid back 28,186. The company also incurred PAYE debts of 96,451 between April 2009 and November 2010 but only paid 34,134.
From February 2009 to November 2010, Mr Pontin received a net benefit of 407,214 from the companys bank account.
Commenting on the disqualification, Mark Bruce, a Chief Examiner at The Insolvency Service said:
Directors who fail to pay taxes to the Crown after they have actually deducted the money from the public should not expect to get away with it.
Other directors tempted to follow this path should remember that if they run a business in a way that is detrimental to either its customers or its creditors they lose the protection afforded by limited liability. The Insolvency Service will investigate them and they could be removed from the business environment.