The director of an online jewellery retailer has been disqualified from acting as a company director for five and a half years following an investigation by The Insolvency Service.
John Nutall, director of Nuttals of Chester Limited, was banned for taking payments for goods he knew, or ought to have known, he was unable to provide.
Robert Clarke, head of company investigations in Birmingham, said: “Directors who take money from the public for goods and services they know, or ought to know, they will not be able to provide, especially over the Internet, show a total disrespect for those members of the public and the business community generally.
“The disqualification order made in this case sends a clear message to other company directors that if they run a business in a way that is detrimental to either its customers or its creditors, they will be investigated by The Insolvency Service and removed from the business environment for a long time.”
The investigation found Nuttal caused the company to trade at unreasonable risk to, and to the detriment of the public, whilst he knew or ought to have known the company was financially unviable.
As a result, customers and credit card providers lost out on least £133,953.
The company took payment in advance over the internet for items of jewellery which it then failed to supply, leaving customers to claim their money back from their credit card providers.
Nuttals of Chester Limited went into liquidation on 21 June 2011, with losses of more than £268,239.