Emza Limited (07254728): administration
- Status
- Administration ended
- Administration began
- 2023-12-22
- Administrators' firm
- CG&Co
- Incorporated
- 2010-05-14
- Location
- Manchester
- Industry
- 86230 Dental practice activities
Why it went into administration
- HMRC / tax arrears
- COVID-19
- Property / lease costs
From the administrators' statement
The Company was incorporated on 14 May 2010 by Dr Nigel Saynor who is the sole Director and Shareholder. The Company commenced trading in 2011 as a Dental Practice from premises at 3 Syddal Road, Bramhall, Stockport SK7 1AB offering quality Dental Implants, Cosmetic Dentistry, Aesthetic Dentistry, and Endodontics in Stockport; Manchester; Cheshire; and the North West to private patients.
In 2013 the Company's Accountant, at that time, advised Dr Saynor to set up various partnerships as an efficient tax structure and Dr Saynor was asked to pay an introductory fee into these partnerships of approximately £70,000 to £80,000 which was raised from the reserves held in the Company. The accountant advised that he would manage the partnerships and Dr Saynor would pay £4,000 per month in accountancy fees which he withdrew from the Firm by way of Directors Loan drawings. In the meantime, the Company continued to trade normally providing dental services.
On 19 December 2019, the accountant advised Dr Saynor that the partnership schemes were no longer viable and that HMRC had found an error in the filed accounts and therefore HMRC had begun an: investigation into these schemes under their Code of Practice COP8. COP8 is an investigation commenced by HMRC where they believe that an individual or company has taken part in a form of tax avoidance. In addition, Dr Saynor was advised that he had a large personal tax liability to pay by 31
Administrators' statement of proposals (2024-01-24) · Companies House register