A DIRECTOR has been disqualified for failing to ensure payment of his company’s taxes and to account for his firm’s assets.
Darryl Glyn Martin, 42, of Flint, the sole director of D & S Poultry Ltd, which provided a poultry catchers service, was disqualified for seven years at Wrexham County Court.
He had failed to pay VAT to Her Majesty's’s Revenue and Customs (HMRC) and did not comply with the liquidator to account for, or deliver up, the company’s assets of the company.
Mr Martin’s disqualification follows an investigation by the Insolvency Service which found he had treated HMRC detrimentally by paying trade creditors of D&S Poultry ahead of VAT between April 2009 and February 2012.
The investigation also found Mr Martin had failed to account for or deliver up assets to the liquidator with an estimated value of at least £18,314, comprising money owed to D&S Poultry, cash and a vehicle.
The disqualification order means Mr Martin 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.
D&S Poultry Ltd was placed into liquidation in February 2012 with an estimated deficiency to creditors in excess of £100,000 and an outstanding VAT bill of £60,000.
Commenting on Mr Martin’s disqualification, Robert Clarke, group head of Insolvency Investigations North at the Insolvency Service said: “Directors have a duty to ensure 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.”
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