Haulage company director banned for Crown Fraud of almost £2m
Geoffrey Munford, director of a haulage company has been disqualified from being a director for 11 years after causing the company to submit false VAT and PAYE/NIC returns to HMRC.
Mr Munford (76) has signed a disqualification undertaking after an investigation conducted by the Insolvency Service into his conduct whilst a director of Geoffrey F Munford Limited.
In giving the undertaking, Mr Munford did not dispute that he caused the company to submit false VAT and PAYE/NIC returns to HMRC. It means that from 2 February, he will be banned from acting as a company director, or in any way controlling a company until 2026.
This action resulted in the company failing to declare to HMRC VAT due of £1,758,506 over a period of 9 years and PAYE due of £277,581 over a period of 6 years.
Mr Munford also did not dispute that he caused the company to maintain duplicate accounting records and raise false invoices in order to hide the true level of taxes due.
The company entered administration on 11 February 2013 with liabilities of £2,557,836. Of this amount £1,949,134 was owed to HMRC in respect of undeclared VAT, PAYE and NIC.
Robert Clarke, Head of Insolvent Investigations North, stated:
VAT and PAYE fraud is a serious attack on the public finances and the Insolvency Service will investigate any director of a company found to have been involved in such activities.
Notes to editors
Geoffrey F Munford Limited (CRO No. 01099111) was incorporated in 1973. The company’s registered office and trading address was Stirk House, Cross Lanes, Tollerton, York, YO61 1RB.
Geoffrey F Munford Limited entered administration on 11 February 2013 with assets of £72,457 and liabilities of £2,557,836.
Mr Munford is of is of York and his date of birth is 31 August 1937.
The disqualification undertaking was accepted by the Secretary of State on 12 January 2015 and will come into force on 2 February 2015.
A disqualification order has the effect that without specific permission of a court, a person with a disqualification cannot:
- act as a director of a company
- take part, directly or indirectly, in the promotion, formation or management of a company or limited liability partnership
- be a receiver of a company’s property
In addition that person cannot act as an insolvency practitioner and there are many other restrictions are placed on disqualified directors by other regulations.
Disqualification undertakings are the administrative equivalent of a disqualification order but do not involve court proceedings.
Further information on director disqualifications and restrictions is available.
All public enquiries concerning the affairs of the company should be made to: Sarah Heath, Insolvent Investigations North, 2nd Floor, 3 Piccadilly Place, London Road, Manchester, M1 3BN. Tel: 0161 234 8486 Email: firstname.lastname@example.org.
Published: 30 January 2015
From: The Insolvency Service