Clive John Cobb has become the second director of a Plymouth bakery company to be disqualified in two*years
Clive Cobb, who had been a director of Our Bakery Number Two Ltd which traded as The Royal William Bakery, a bakery and restaurant at The Royal William Yard in Plymouth, has been disqualified from acting as a director for 5 years.
The disqualification follows an Insolvency Service investigation which last year had already resulted in another director, Alexander Charles Eugene Qaun, being disqualified for 4 years.
The investigation found that Cobb and Quan were responsible for the company failing to pay VAT, PAYE and NIC from at least May 2013. This led to an arrears of ?130,361 with the total amount owed in unpaid tax when the company went into liquidation in October 2015 coming to ?142,666.
On 17 October 2017 the Secretary of State for Business, Energy and Industrial Strategy accepted a disqualification undertaking from Cobb, effective from 7 November 2017.This follows an undertaking from Quan which was accepted on 15 November 2016.
Commenting on the disqualification, Sue MacLeod, Chief Investigator at the Insolvency Service, said:
These actions have resulted in honest taxpayers losing out. If you run a business in a way that is unfairly detrimental to any of its creditors, including tax authorities, the Insolvency Service will investigate you, and you may find yourself disqualified from acting as a director.