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Postlethwaites banned for 23 years 7 June 2013

Three family members who ran a Liverpool-based haulage company have been disqualified from acting as directors of a company for a total of 23 years.

John Postlethwaite, John Anthony Postlethwaite, and Lee Postlethwaite, were banned for failing to keep proper records following an investigation by The Insolvency Service.

Vicky Bagnall, director of investigation and enforcement services at The Insolvency Service said the directors “displayed a total disregard for the rules regarding the running of a company and additionally those regarding the operation of a company requiring a haulage licence”.

“These disqualifications show that in such cases, the Insolvency Service will investigate and ensure that the protection of limited liability is removed for a considerable period.”

John Postlethwaite was banned for nine years, whilst John Anthony Postlethwaite and Lee Postlethwaite were both banned for seven.

The three men ran Brasenose Container Services Ltd, which entered liquidation in June 2011, with a deficiency to creditors of £157,352.

Bank payments of £1,701,939 (of which £834,071 was in cash) were unexplained with no evidence available that these funds were used on behalf of the company.

The company also failed to pay overdue taxes of £112,689 to HMRC.

The investigation found that as John Postlethwaite was the dominant force of the company throughout, which led to the higher period of disqualification.

 

 

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