Russell Gwyn Williams was disqualified from acting as a director on 23 June 2015 for seven years for trading to the detriment of creditors between 25 January 2013 and 14 August 2013 whilst Bets Centres Ltd, a garage repairer and MOT specialist, was insolvent, incurring further liabilities of ?106,097, including ?89,134 to the Crown for PAYE/NIC and VAT.
Mr Williams (61) also personally benefitted by causing ?107,200 in transactions to the detriment of creditors from 25 January 2013 and June 2013.
The disqualification, which follows an investigation by the Insolvency Service, and Mr Williams has given an undertaking to the Secretary of Sate for Business, Innovation and Skills, which prevents him from becoming involved in the promotion, formation or management of a company until 2022.
Sue MacLeod, Chief Investigator of the Insolvency Service, commented:
In investigating insolvent companies, the Insolvency Service always looks very closely at individuals who demonstrate a disregard for creditors and appropriate action is taken where wrongdoing is uncovered.