Press notice
INSS/74/2002
CONCRETE EVIDENCE SEES
The director of a concrete products business which failed with debts of more than £163,000 has been disqualified on 3 October 2002 for five years from acting as a company director.
Kevin Paul Banton of Butterley Park, Ripley Derbyshire was a director of Block Plant Handling Limited, which carried on business from premises at Butterley Park, Ripley, Derbyshire.
The company was placed into voluntary liquidation on 18 February 2000 with estimated debts of £163,000.
The Disqualification Order prevents Kevin Paul Banton from being a director of a company or, in any way, whether directly or indirectly, being concerned in or taking part in the promotion, formation or management of a company for the above period.
Matters of unfit conduct included the following: Mr Banton failed to maintain, preserve or deliver up to the liquidator adequate accounting records, as a consequence of which the following matters remain unexplained, despite explanations being requested from Mr Banton:
(i) Cheque expenditure totalling £12,852.26 during the last month of the company''s trading remains unexplained; (ii) It is not possible to establish whether a debt of £23,456 owing to the company by Mr Banton has been repaid; (iii) It is not possible to establish whether all sales income due to the company has been accounted for.
Notes to Editors
1. The Insolvency Service is an executive agency of the Department of Trade and Industry. Official Receivers report unfit conduct as liquidators in winding ups by the court (compulsory liquidations). Insolvency practitioners report in voluntary liquidations, administrative receiverships and administrations.
2. The Insolvency Service considers the reports, investigates and applies for disqualification where appropriate.
2. A court can disqualify directors for between two and 15 years for unfit conduct. A breach of the disqualification can be punished by a fine, a prison sentence of up to two years (or both), and personal liability for the company''s debts.
4.Directors who accept that their conduct is unfit can give an Undertaking not to act as a director for an agreed period. This can avoid a court hearing but the consequences for breach are the same.
5.Addresses are those given at the time of company failure and may not be current.
6.Companies House maintains a register of disqualified directors which can be accessed by the public on http://www.companieshouse.gov.uk
7.Contraventions of a disqualification order should be reported to The Insolvency Service on its 24 hour ''hot line'' - 0845 6013546.
Regional news releases for the Department for Trade & Industry can be viewed at http://www.gnn.gov.uk
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The Insolvency Service is an executive agency of The Department of Trade and Industry
