Adrian Antoine Parson, director of liquidated payroll firm Quantum Solutions (Kent) Limited, has been banned from acting as a company director for six years.
Parson was banned after failing to keep proper accounts, as a result of an investigation by The Insolvency Service.
Parson has given an undertaking to the Secretary of State for Business, Innovation and Skills (BIS) that he will not act as a director of a limited company from 24 April 2013 to April 2019.
Mark Bruce, a chief examiner at The Insolvency Service said Parson failed to maintain sufficient accounting records that show and explain the company’s transactions and said the volume of unexplained transactions over the company’s trading period was highly suspicious.
Quantum Solutions (Kent) Limited went into ‘voluntary liquidation’ in September 2011.
The investigation by The Insolvency Service found Parson had failed to keep proper accounts and had no paper trail to prove the company’s income.
He was also unable to prove whether all amounts due to the company had been paid in full or whether the company was charging VAT and had incurred a VAT liability.
Furthermore, Parson also failed to provide details of the employment status of the company’s workforce or the terms in which the company traded at a loss or whether it had any prospect of meeting its obligations to HM Revenue & Customs.
Parson was a director of Quantum from 2008 until its dissolution in January 2013. His ban will come into effect as of Wednesday, 24 April 2013.