Insolvency Service Enforcement Outcomes Press Releases

Yorkshire furniture retailer director trio banned for a total of 29 years

The bans follow an investigation by the Insolvency Service.

On 24 October 2016 the Court at Manchester District Registry made an 11 year disqualification order against Wajid Hussain (44), the director of I Sleep Ltd. The court order follows nine year director disqualification undertakings agreed in 2015 by Shazam Hussain (37), the director of I Sleep Ltd and Foxton Furniture Group Limited and Yaser Ali (34), the director of Goole Furnishings Limited.

The disqualifications were by the Official Receiver’s Public Interest Unit, part of the Insolvency Service

Hotel director banned for not keeping account

Nancy Georgeson (54) of Mallaig, has been disqualified for seven years for failing to maintain adequate company records, register her company for VAT, submit annual accounts and pay Corporation Tax and PAYE.

Ms Georgeson was the director of NJMAC Enterprises Limited which traded as the Marine Hotel, Station Road, Mallaig.

On 14 November 2016, the Secretary of State accepted a disqualification undertaking from Nancy Georgeson effective from 5 December 2016 for 7 years.

Asset stripper nets 7-year directorship ban

Mr Quinn became the director of the long established distribution company Grampian MacLennan’s Distribution Services Limited, on 16 June 2014 and the Company went into Liquidation on 14 October 2014.

In court Mr Quinn offered no defence to the allegations that in this period. Having sold the business premises to a company owned by a business associate and paid off the mortgage he then could not account for over £76,000 of the sale proceeds. He also transferred some £78,000 from the company bank account to himself or his other businesses allegedly in respect of business expenses.

Fancy-coloured diamonds’ investment misrepresentation leads to 14-year director disqualification

An investigation by the Insolvency Service’s Public Interest Unit found Mr Jordan to have caused Henderson & Forbes Limited to misrepresent itself to investors in the sale of fancy coloured diamonds. These misrepresentations led to investments totaling in excess of £1.5 million generating gross profits in excess of £1.3 million.

Henderson & Forbes Ltd went into liquidation on 11 August 2014. The investigation began as a result of a return by the liquidator Darren Edwards of Aspect Plus Limited.

Company selling 'almost anything you can think of' to vulnerable investors wound up by the High Court.

Cutler and Ross Limited, which was formerly known and traded as, Sussex Associates Limited, sold investments in a range products including wine, fancy coloured diamonds and working interests in oil wells. Although denied by the company, the investigation also showed that it sold investments in storage units and art.

The company sold alternative investments valued in excess of £3 million from which it received commissions of at least £1,384,662.

Suffolk builder gets 8 year ban for dodging taxes and failing to keep accounting records

Mr Martin of Bury St Edmunds was the director of S P Martin Builders Limited from 25 May 2005 until it went into liquidation on 20 March 2015.

Mr Martin failed to attend court or respond to the Secretary of State for Business, Energy and Industrial Strategy’s application for the Disqualification Order. The disqualification, effective 21 days from the date of the order, follows an investigation by the Insolvency Service.