Patrick Melvin, the director of A&P Melvin Plant Hire Limited, has been disqualified as a director for a period of seven years for failing to ensure that adequate books and records of the company were maintained, preserved and/or delivered up to the liquidator.
Mr Melvin was the sole director of A&P Melvin Plant Hire Limited from incorporation 6 February 2008 - until the Company ceased trading, when it went into Liquidation on 12 December 2013, with an estimated deficiency of 322,667.
The failure to ensure that adequate books and records of the company were maintained, preserved and/or delivered up to the Liquidator, means it has not been possible to ascertain the ownership and whereabouts of various assets of the company, including at least 36 vehicles which had been identified as having been insured in the name of the company as at 1 November 2012.
It has also not been possible to ascertain the purpose of numerous transactions made from the companys bank account between 15 February 2013 and 22 August 2013.
Mr Melvin gave an undertaking to the Insolvency Service not to manage or control a company Mr Melvins disqualification is due to commence on 9 December 2015.
Commenting on the disqualification, Robert Clarke, Head of Company Investigations at the Insolvency Service, said:
Directors have a duty to ensure that their companies maintain proper accounting records, and, following insolvency, deliver them to the office-holder in the interests of fairness and transparency. Without a full account of transactions it is impossible to determine whether a director has discharged his duties properly, or is using a lack of documentation as a cloak for impropriety. Mr Melvin has paid the price for failing to do that, as he cannot now carry on in business other than at his own risk.