William Carter, who ran Mayfair Corp Limited (Mayfair) based in Penge, has been disqualified from acting as a director for four years from 8 November 2012, for failing to pay tax, following an investigation by The Insolvency Service.
Mr Carter, 62, was a director of Mayfair, which traded as Carters Catering Equipment, supplying catering utensils and equipment from premises in Thesiger Road, Penge.
The investigation found that the company paid no tax at all during two years of trading. Mr Carter gave an undertaking to the Secretary of State for Business, Innovation and Skills (BIS), not to promote, manage, or be a director of a limited company until November 2016.
Mr Carter also failed to register the company with HM Revenue & Customs (HMRC) under the PAYE and VAT schemes, but he still deducted tax and national insurance from employees pay and charged customers VAT. None of these deductions were paid over to HMRC.
The company went into liquidation in January 2011 owing HMRC more than 50,000 in unpaid tax.
The investigation found that Mayfair had bought the business from Mr Carters previous company Richway Limited, which also traded as Carters Catering Equipment and which went into liquidation in March 2009 owing HMRC more than 69,000 in unpaid tax. Mr Carter was the sole director of both companies.
Commenting on the disqualifications, Claire Entwistle, Director of Company Investigations North said:
Traders who fail to pay National Insurance Contributions and VAT to the Government when they have actually deducted it from employees and customers should not expect to get away with it.
The undertaking signed by William Carter sends a clear message to other company directors; if you run a business in a way that is detrimental to either its customers or its creditors you will be in, our sights.. The Insolvency Service will investigated you and you could be removed from the business environment.