Husband and wife banned for failing to preserve company records
Edinburgh husband and wife team disqualified as directors for failing to preserve company accounting records and make payments of taxes to HMRC.
Mr Mohammed Miah and Mrs Anwara Miah, were both directors of Murrayfield Developments Limited (MDL), which was incorporated in 2004 and traded as The Original Raj Hotel in Edinburgh.
An investigation by the Insolvency Service, which followed the liquidation, led to a trial. The investigation showed that failing to preserve or deliver up the accounting records, nor provide a Statement of Affairs for MDL to the liquidator, meant it wasn’t possible to account for over £1 million paid out from the company’s bank account, including cheques written to cash after the commencement of winding up proceedings. Read the full article >
For advice on liquidations and directors fiduciary duties including record keeping, contact LM Insolvency & Advisory Limited for a FREE consultation on Tel: 07972928153 or email: firstname.lastname@example.org
Six year ban for failing to keep company records
The director David Simpson Duffy of Annick Structures Ltd (ASL), a Glasgow engineering company has been disqualified for failing to maintain and preserve adequate company records, Following compulsory liquidation as a result of a petition by HMRC... read full article>
Construction boss banned for failing to pay health & safety fines
Michael Allen, 64 of Ashbourne, Derbyshire, was a director of Allen and Hunt Construction Engineers Limited, a specialist company in manufacturing and erecting steel-framed agricultural and industrial buildings.
The boss, Michael Allen, was banned for failing to pay health & safety fines after a worker fell and suffered life changing injuries. Michael Allen pleaded guilty to breaching three counts of the working at heights regulations and was fined £274,671 in November 2016, the Company later went into liquidation in December 2016 allegedly unable to pay the fines. Albeit investigates showed... Read more>
If you are considering liquidating a company due to fines, or are unable to pay fines. Contact LM Insolvency and Advisory Limited for a FREE consultation on your options and fiduciary duties as a director.
Lengthy disqualification for director with a string of charity failures
The director of a professional fundraising company has been disqualified for misleading the public and holding on to funds collected on behalf of charities.
Christopher John Stoddard, 68, from Ross on Wye, Herefordshire, was the director of CS Fundraising Limited (CSF). The company to cease trading in November 2014 and on 19 December 2014 the company was placed into creditor’s voluntary liquidation (CVL).
Following an investigation by the Insolvency Service, the director admitted to offences including soliciting money contrary to laws governing charities, misleading the public and retaining public donations of at least £125,634. More importantly this was the ninth company that the director had been involved with, which had entered formal insolvency proceedings.
As a result, the directors disqualification ban will prevent him from directly or indirectly becoming involved, without the permission of the court, in the promotion, formation or management of a company or limited liability partnership, for nine and a half years. Read the full article>
For advice on creditors voluntary liquidations and directors fiduciary duties, contact LM Insolvency & Advisory Limited for a FREE consultation on Tel: 07972928153 or email: email@example.com
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