A director of a building firm has failed to pay a tax bill of £145,000 after the business went bust seven years after he received a director disqualification for failing to pay HMRC
In the latest run-in with HMRC, Walid Wasfi Wasif Musmar was director of Construkkt Limited, a company set up in July 2019 three years after his Insolvency Service director ban expired in a case related to an unpaid tax bill for £500,000.
The liquidator’s annual report at Companies House showed that the Construkkt went into liquidation in June 2022 and at the time had debts of £556,539. Valentine & Co was appointed to handle the insolvency proceedings.
When the business failed, Musmar owed HMRC a total of £145,103 for unpaid VAT and PAYE, employee national insurance contributions, student loan payments and construction industry scheme deductions.
After examination, HMRC issued a proof of debt notice revising the overdue tax figure to £143,120 but the administrators confirmed that this was unlikely to be paid in full.
There was also an outstanding intercompany loan for £100,000 which remained unpaid when the company collapsed.
In addition, there were £244,871 of claims from unsecured creditors, which had ‘no prospect’ of being paid, the liquidator firm Valentine & Co confirmed.
Musmar was also a director of Springfield Propvest Limited which went into liquidation in September 2022. He was appointed as a director in December 2016.
Back in 2012, Musmar was b banned from acting as a director for four years after his previous business Oberon Properties Ltd, which developed properties in Camden, north London, failed to pay a tax bill of £500,000 related to the sale of a property for £3,583,302 in May 2007. This amount had been due for payment in August 2008.