David Lowe, director of DPL Business Services Limited (DPL), based in North London, has been disqualified from acting as a company director for five years for failing to make sure the company paid its tax liabilities.
The disqualification follows an investigation by the Insolvency Service.
David Lowe, 62, has given an undertaking to the Secretary of State for Business, Innovation and Skills that he will not act as a director of a limited company for five years as a result of his conduct as director of DPL.
Commenting on the disqualification, Mark Bruce, a Chief Investigator with the Insolvency Service said:
The undertaking signed by Mr Lowe sends a clear message to other company directors: If your company becomes insolvent because you have not taken seriously your responsibilities as a director when dealing with payment of tax, the Insolvency Service will investigate you and you could be taken away from doing business.
DPL Business Services Limited operated as accountants. The company became insolvent in March 2012 owing 147,472 to HMRC. In giving his undertaking, Mr Lowe did not dispute that he caused DPL to trade to the detriment of HMRC.
The disqualification means that Mr Lowe may not be a director of a company or be involved in the management of a company in any way for the duration of his disqualification unless he has permission from Court.