Business

Swansea Bay concrete pump boss disqualified after abusing tax regime

Keith Morgan Thomas (81), who ran a concrete services company from Llanelli, has been disqualified for 6 years. He is now banned from acting as a company director without the permission of the court.

Ascus Pumps Limited was incorporated in September 2015 with Keith Morgan Thomas acting as the sole director. The company was based in Swansea and provided concrete pumping services in Wales.

Ascus Pumps was required to pay tax prior to receiving orders but between February 2016 and September 2018 Keith Thomas caused the company to renege on its tax liabilities.

At the point of Ascus Pumps’ liquidation in September 2018, the company owed more than £350,000 in taxes, as well as more than £27,000 to other creditors.

Tom Phillips, Assistant Director of Investigation and Enforcement at the Insolvency Service, said: “Keith Thomas did not take tax obligations seriously and as a result caused significant financial loss to the tax authorities.

“Directors who cause companies to abuse the tax regime can expect to receive lengthy bans and ought to send a message to other directors who are running companies in a similar manner.”

(Lead Image: Startup Stock Photos / Pexels.com)


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