Angus William Niven from Edinburgh has been disqualified as a director for five years for failing to provide accounting records to the liquidator of his company Iglu Bar and Bistro Ltd (Iglu) after it went into liquidation in 2011. The disqualification follows an investigation by The Insolvency Service.
Mr Niven, 37, has given an undertaking to the Secretary of State for Business, Innovation and Skills, which disqualifies him from acting as a director of a company from 30 October 2012 to 29 October 2017.
The investigation showed that following the liquidation, Mr Niven refused to co-operate with the liquidator. As such, it was not possible for the liquidator to find out the reasons for the companys insolvency or how it incurred its debts. The liquidator also did not , receive full and timely information of the companys assets and liabilities, all of which hampered his ability to perform his statutory duties.
In signing the undertaking, Mr Niven admitted failing to co-operate with the liquidator of Iglu Bar and Bistro Ltd (Iglu), and failing to ensure the company complied with its statutory obligations to submit returns and payments totalling 76,351 to HM Revenue and Customs (HMRC). As a consequence, HMRC obtained a winding-up order against the company in July 2011.
Iglu bar and Bistro has now reopened under new ownership.
Commenting on Mr Nivens disqualification, Clive Tranter, Head of Company Investigations North East and Edinburgh, said:
A company director is expected to comply with the requirements of the liquidator of his company after it is shut down. Failure to do so will result in the loss of statutory protection under company law and lead to disqualification, as Mr Niven has discovered to his cost.