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Care home director banned for seven years 8 May 2014

The director of several Lancashire-based care home operating companies has been disqualified from acting as a company director for seven years.

Kyle Goldsmith, a director of Kymo Holdings Limited, Lancashire Nursing & Residential Homes Limited and Carecroft Limited, was disqualified for seven years for failing to maintain proper books and records.

Goldsmith was disqualified at Bolton Crown Court following an investigation by the Insolvency Service.

Kymo Holdings Limited, Lancashire Nursing & Residential Homes Limited and Carecroft Limited – involved in the operation and management of a care home in Clitheroe, Lancashire – all entered liquidation between May 2011 and February 2012.

The investigation found “minimal” records had been handed over to the liquidators of the businesses, meaning it was impossible to verify financial dealings carried out by the companies, or the extent of their assets and liabilities.

The companies had a combined deficiency of more than £1.5million pounds, having entered separate insolvency proceedings.

Robert Clarke, group leader of insolvent investigations North at the Insolvency Service, said: “Directors have a clear, statutory 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 Goldsmith has paid the price for failing to do that, as he cannot now carry on in business other than at his own risk.”

 

 

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