The Grand Folkestone Ltd, whose sole Director was Mr Michael Stainer and the Company Secretary was his wife, has been wound up by HMRC.
All the information in this article is in the public domain and we include the links and/or Court documentation so you can check for yourself. We have been greatly assisted by Michael Stainer (pictured) filing his accounts for all his companies on December 18th 2016. These accounts cover the tax year ending March 31st 2016. These can be found at Michael Stainer – Beta Companies House No log-in is required and you can see the accounts for each and every company.
The total indebtedness of all these companies on March 31st 2016 was £1,537,862.
One of them, The Grand Folkestone Ltd had debts of £991,584. A Petition to wind this company was presented on 18 July 2016 by the Commissioners for HM Revenue and Customs (HMRC) Winding Up Notice (or see below)
The hearing date for this petition was 12 September 2016 and “any persons intending to appear on the hearing of the Petition (whether to support or oppose it) must give notice of intention to do so”. The winding up order was granted on this same date, “neither party being present or represented” says the London Gazette of the winding up order.
We don’t yet know the amount that HMRC was seeking in its petition.
What we do know is the company was established on October 31st 2006 and Michael and Doris Stainer were the only officers. In the financial year ending March 31st 2010 its accounts showed a loss of £38.825 with £123 in the bank. The following year there was £1590 in the bank but debts has escalated to £405,502, reaching £991.584 by March 31st.2015.