Angus Edy, the director of Movello (London) Limited, was banned from acting as a director for three years for failing to pay taxes due to HM Revenue & Customs (HMRC), following an investigation by the Insolvency Service.
The disqualification, which starts on 19 December 2013, prevents Mr Edy from managing or controlling limited companies until December 2016 without leave of the court.
Movello (London) Limited went into liquidation on 27 February 2012 with debts of 168,177, of which 143,126 was owed to HMRC. The investigation showed that the company paid only 29,843 to HMRC in VAT and PAYE/NIC liabilities from April 2009 to February 2012 when the company was trading.
During the final eight months of trading, of the 523,414 paid out by the company, 29,209 went to Mr Edy, and only 11,434 to HMRC.
Commenting on the disqualification, Sue Macleod, Head of Insolvent Investigations, Midlands and West, said:
“Company directors have a duty to ensure businesses meet their legal obligations, including paying taxes. Failure to do so is not a victimless offence as it deprives the taxpayer of the funds needed to operate public services.
The Insolvency Service will take robust action against directors who do not take their obligations seriously and abuse their position of trust.