The director of a children?s furniture retailer has been disqualified for 6 years for removing ?121,500 of company funds to avoid paying*taxes
Rebecca Dale-Essex, of London, knowingly removed the money over a 24 day period prior to the company going into liquidation. She was the sole director of Belle Maison Direct Limited, which sold children?s furniture until it went into liquidation on 20 April 2016.
?42,000 of the amount removed came after she had informed the local council that her company had insufficient funds to make payments in respect of outstanding business rates. In total, she left creditors, including the council, out of pocket by ?140,314.
She provided a disqualification undertaking to the Secretary of State for Business, Energy and Industrial Strategy which prevents her from directly or indirectly becoming involved in the promotion, formation or management of a company for six years.
Commenting on the disqualification, Martin Gitner, Deputy Chief Investigator of Insolvent Investigations, Midlands and West at the Insolvency Service, said:
Rebecca Dale-Essex deliberately removed significant amounts of cash from the company that was for her own benefit, leaving little, if anything, for the creditors of her company.
Company directors should note that the Insolvency Service will investigate and remove them from the business environment if they have acted to the detriment of the company creditors.