Robert Ewan Wynne disqualified as a company director for failing to ensure proper records were kept, filing returns and paying tax.
Mr Wynne, 45, of Mold, Clwyd, the sole director of Shropshire Treated Timbers Limited, a timber merchant, was disqualified from acting as a company director for eight years, by Wrexham County Court on 1 September for failing to ensure the company kept proper books and records and complied with statutory obligations relating to filing of returns and making required payments to HMRC.
Mr Wynnes disqualification follows an investigation by the Insolvency Service.
The disqualification order means that Mr Wynne is not allowed to act as a director or take part in the management or control of any limited company until 2022, without leave of the Court.
Commenting on Mr Wynnes disqualification, Robert Clarke, Head of Insolvent Investigations North at The Insolvency Service, said:
Directors have a duty to make sure that their companies maintain proper accounting records, and, following insolvency, deliver them to the Insolvency Practitioner, 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 Wynne cannot now carry on in business other than at his own risk.
The investigation found that Mr Wynne failed to maintain, preserve and deliver up adequate accounting records and as a result it was not possible to fully account for the companys income and expenditure, reconcile the asset position and directors loan account from the last accounts to the date of liquidation or verify liabilities at that date.
Mr Wynne also failed to ensure the company complied with its statutory obligations to file VAT, Corporations Tax and PAYE returns to HM Revenue and Customs and make the requisite payments from at least April 2009 onwards.