Company collapse and tax nightmare
The bankruptcy is rooted in the collapse of Barnes’ now-defunct business, John Barnes Media Limited. Liquidators revealed staggering debts, including nearly £777,000 owed to HMRC in unpaid VAT, National Insurance and PAYE. On top of that, Barnes’ company still had £461,849 in unsecured debts and a £226,000 director’s loan hanging over it. Barnes had already been barred from serving as a company director for three and a half years due to these financial issues, and despite chipping away at the mess with instalment payments, the hole was simply too deep, as reported by The Independent.
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The first £10k-a-week star now broke
The first £10k-a-week star now broke
It’s a bitter fall…