The director of a window installation company has been banned from being a director for seven years after taking deposits from customers with no reasonable prospect of being able to deliver the goods.
Kelly Ord, of Coventry, the director of Emperor Windows Limited, signed a disqualification undertaking after an Insolvency Service investigation revealed he had taken deposits from 78 customers totaling ?85,552 between January 2016 and 1 July 2016, for goods and services that it then failed to supply.
Mr Ord had sought advice regarding debts owed by Emperor Windows by February 2016, but still went on to take deposits.
Commenting on the disqualification, Kevin Read, Official Receiver at the Insolvency Service, said:
Mr Ord caused Emperor Windows Limited to take deposits from customers when the company was insolvent and without a reasonable expectation that services would be provided. The company failed to provide services to these customers and losses were incurred as a result.
Company directors should note from this enforcement result that actions of this kind will lead to serious censure.
This disqualification is a reminder to others tempted to do the same that the Insolvency Service will rigorously pursue enforcement action and seek to remove from them the privilege of trading with limited liability to protect the public for a lengthy period.