Director of a disability ramp company banned for 7 years

Lyndon Porretta, a carpenter from New Port set up Kruz Developments Ltd (Kruz) in 2000. The company provided installation services to rehabilitation centers, banks and other clients across South Wales.

When the recession hit the UK in 2015, work decreased, and in the late months of 2015 HMRC inspecting Kruz company records. The discovered that Kruz had deliberately filed 14 VAT returns between 2011 and 2015 which understated the amount of tax due by a total of £521,814.

Kruz then owed HMRC a total of £743,464 in VAT and penalties, which he was unable to pay. Due to this, the company entered voluntary liquidation in 2016.

During the liquidation The Insolvency Service conducted an investigation, it was confirmed that between 2012 and 2015, Mr Porretta was responsible for providing inaccurate VAT documents to HMRC.

The Secretary of State accepted a disqualification undertaking from Lyndon Porretta after he agreed the findings from the investigation. His ban lasts 7 years and is effective from 10 September 2018.

For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or to take advantage of our free consultation, please telephone Stella Flemmings on 01377 257788, 01724 230060 or 01904 520116 and she will make you an appointment with one of our insolvency professionals at our Driffield, Scunthorpe or York offices.

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