The director of four Manchester-based companies has been disqualified from acting as a company for five years for failing to pay taxes or keep proper accounting records.
Samuel Bell managed TFML Ltd (trading as The Northern), Cranehunter Ltd (Barcelona Bar), Brillpoint Ltd and Greengold Solutions Ltd, all of which simultaneously went into liquidation in 2010, collectively owing creditors £185,337.
In the undertaking given by Bell, he conceded that he failed to ensure that adequate accounting records were either maintained, preserved or delivered up to the companies’ liquidators, for each of the businesses.
As a result the liquidators had difficulties in verifying a series of factors including the total income of the companies, the recipients and reasons for all expenditures, and the assets of the companies when they went into liquidation.
Bell also agreed that Brillpoint, which provided human resources services to TFML and Cranehunter, traded to the detriment of HMRC when it failed to make payments for PAYE and NIC due from April 2009 onwards.
Robert Clark, head of insolvent investigations north at The Insolvency Service, said: “Directors have a duty to ensure that their companies maintain proper accounting records and pay company taxes.
“Mr Bell has paid the price in his duties as a company director as he cannot now carry on in business other than at his own risk.”