Insolvency Services News

Demolition company directors buried under long ban

The directors of George Hunter (Demolishers) Limited have been disqualified for allowing the company to continue to incur liabilities despite knowing a petition to wind the company up was before the*court. George Beattie (senior) signed a seven yea...

August 9th, 2017|

Bubble bursts for wholesaler who failed to keep proper records

The director of a firm which traded in fizzy drinks, car parts and accident data has been banned for nine years, for failing to ensure the company kept adequate accounting*records. Javid Morgra, aged 32 of Bolton, Lancashire, admitted that he had f...

August 9th, 2017|

Pizza company director takes away seven year disqualification

Balwinder Singh, a director of a pizza restaurant franchise in Bromsgrove, has been disqualified for causing payments to be made to a partnership that he had a personal interest*in. Mr Singh was the sole registered director of Charnwood Foods Ltd w...

August 9th, 2017|

Takeaway director disqualified for 6 years after employing illegal workers

Masum Ahmed, director of India Gate restaurant, Chichester, has been disqualified for six years for failing to comply with immigration*law. India Gate was the trading name of Chi Spice Limited. On 6 July, the Secretary of State accepted a disqua...

August 8th, 2017|

Transmission interrupted: director of TV streaming app disqualified for 9 years

Bruce Roy Pilley, a director of TVCatchup Limited, was disqualified by the High Court from managing or controlling a limited company until 9 August*2026.

The disqualification order was made by Chief Registrar Baister on 19 July 2017.

TVCatchup Limited (TVC) was a television programming and broadcasting business that went into creditors voluntary liquidation on 8 May 2015 following Administration, owing ?1,975,128 to creditors including ?523,396 in respect of liabilities due to a loan provider.

On 14 March 2014, HMRC presented a petition to wind up the company to the High Court. On 3 April 2014, Mr Pilley discussed the Winding up Petition with HMRC by telephone on three separate occasions. Despite the presentation of the winding up petition and Mr Pilley?s knowledge of the petition being presented, on 4 April 2014 he caused TVC to enter into a joint loan facility agreement.

According to the terms and conditions of the agreement, Mr Pilley was obliged to disclose the existence of the winding up petition to the loan provider. Mr Pilley did not disclose the petition and TVC subsequently drew down ?523,396, in breach of the terms and conditions of the agreement.

On 29 May 2014, the loan provider became aware of the existence of the winding-up petition and on 4 June 2014, appointed administrators.

Aldona O?Hara, Chief Investigator of Insolvent Investigations Midlands & West at the Insolvency Service, said:

The Insolvency Service will rigorously pursue company directors who deliberately breach the trust of those providing financial assistance.

Fair treatment of customers and creditors is essential for business confidence which is, in turn, essential for economic growth.

This disqualification is a reminder to others tempted to do the same that the Insolvency Service will rigorously pursue enforcement action to seek and remove from them the privilege of trading with limited liability to protect the public for a lengthy period.

August 7th, 2017|

Company that pretended to be Google is shut down

Movette Ltd, a Manchester-based company which misrepresented itself as Google when selling a service has been wound up in the High*Court. Movette sold a service to manage the online ?Google My Business? listings of its customers. The company used t...

August 7th, 2017|
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