# The FTR Accountants Company Limited (08637007)

> Why UK company 08637007 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08637007

- **Status:** Administration ended
- **Administration began:** 2016-04-04
- **Incorporated:** 2013-08-05
- **Location:** London
- **Industry:** 69201 Accounting and auditing activities

## Why it went into administration

- HMRC / tax arrears

## From the administrators' statement

The Company was formed following the closure of a sole trader business operated by Dennis Christopher Carter Lunn (“Chris Lunn”) as Christopher Lunn & Co, as well as the liquidation of a limited liability company, Christopher Lunn & Co Limited This company was placed into Creditors Voluntary Liquidation on 5 September 2013 with Jeremy Frost and Patrick Wadsted of Frost Group Limited trading as Frost Business Recovery being appointed Joint Liquidators on the same day Christopher Lunn & Co Limited was then subject to a winding up order made against on 8 October 2013 with alternative liquidators being appointed to deal with the Compulsory Liquidation The business of Christopher Lunn & Co was then transferred to The FTR Accountants Company Limited, company registration number 08637007, which was incorporated on 5 August 2013 The first director was Nadine Farida Lunn for the period 5 August 2013 to 20 January 2015 Nadine Lunn ts the wife of Jon Lunn Marguerite Fischbach Lunn, the wife of Chris Lunn, held office as director from 30 May 2014 to 8 July 2014 and from 20 January 2015 onwards

The business of Christopher Lunn & Co and Christopher Lunn & Co Limited became subject to investigations by HM Revenue & Customs and these enquiries eventually led to the imprisonment of Chris Lunn for a period of five years on 11 January 2016 Prior to that his son, Christopher Jonathan Lunn (“Jon Lunn”) was given a suspended sentence and community service for what HMRC considered to be breaches in tax legislation with regard to the tax returns completed for various clients, including some high profile names In January 2016 after Chris Lunn was sentenced, The FTR Accountants Company Limited had its authority to act as agent for its various clients withdrawn by HMRC HMRC commenced investigations into the business of the Company and tts provision of tax services to clients These investigations extended to subcontractors working for the Company on a long term basis These enquires and the loss of HMRC agency status rendered it impossible for the Company to continue to trade The Company therefore sought the advice of Jeremy Frost, a licenced insolvency practitioner at Frost Group Limited

It was originally hoped that the Company could be placed into Members’ Voluntary Liquidation ("MVL’) (solvent liquidation) but since the claims of HMRC could not be quantified it was impossible for the sole director, Marguerite Lunn, to swear a declaration of solvency It was therefore proposed that the Company be placed into administration An application to this effect was filed by fax in the County Court at Croydon on 14 March 2016, with the orginal application being filed on 15 March 2016 with the appropriate fee However, due to the volume of matters filed in the County Court at Croydon this application was not processed and it was necessary to withdraw the application and resubmit it to the High Court of Justice The Joint Administrators were duly appointed on 4 April 2016

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08637007/filing-history/MzE0ODk5Mjc1OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08637007

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.