Two directors of Manchester based JLK Partnership Ltd (JLK) have been disqualified for a total of 10 years for failing to maintain full accounting records or exercise proper control over the companys affairs.
Stuart Franklyn Delmonte (age 64) and Kirsty Michelle Englander (24), were both disqualified from acting as directors for 6 and 4 years respectively following an investigation by the Insolvency Service.
The company, which carried out substantial trading in metals, as well as being involved in corporate restructuring and office cleaning businesses, went into liquidation in 2012 owing 291,535 to creditors.
Both directors gave undertakings to the Secretary of State for Business, Innovation & Skills not to act as directors or in any way manage or control companies for the duration of their bans.
Commenting on the disqualifications, Ken Beasley, of the Insolvency Services Public Interest Unit said,
Mr Delmonte neglected his duties as a company director by failing to maintain proper accounting records. Miss Englander failed to exercise the proper level of control over the affairs of a company expected of a director.
Directors have a clear, statutory duty to ensure that their companies maintain proper accounting records. Without a full account of transactions it is impossible to determine whether a director has discharged his or her duties properly, or is using a lack of documentation to mask impropriety.
The Insolvency Service will use its enforcement powers to remove culpable and negligent directors from the market place.
The lack of accounting records resulted in investigators being unable to determine the full extent of the companys activities. In particular, investigators were unable to account for the companys trade in metals during 2010 which had resulted in HMRC claiming 277,948 in unpaid VAT from the company.
Stuart Franklyn Delmonte gave an undertaking on 27 July 2014 not to act as a director for 6 years from 20 August 2014.
Kirsty Michelle Englander gave an undertaking on 29 July 2014 not to act as a director for 4 years.