DIRECTORS DISQUALIFICATION: HUSBAND AND WIFE BANNED FOR FAILING TO PRESERVE COMPANY RECORDS

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.
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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: lucinda@lminsolvency.co.uk