Director banned after failing to provide company records

Annick Structures Ltd (ASL) was incorporated in 2012 and traded as a construction and civil engineering company. The director of the Glasgow company has been disqualified for failing to provide adequate company records.

ASL was ordered into compulsory liquidation in February 2016 after a petition by HMRC. The company had an estimated deficiency to its creditors of roughly £900,000. The Insolvency Service investigated into the company’s liquidation and found that from March 2014 to February 2016 the director of the company, David Simpson Duffy, failed to preserve or deliver company accounts and records to the liquidator. It is the duty of a company director to provide the liquidator with all the company records upon his appointment.

As a result of the lack of information provided by Mr Duffy, it was not possible to verify the income and expenditure from the company bank account.

Mr Duffy signed a six year undertaking, which was accepted by the Insolvency Service on 11 May 2018. The disqualification started on 1 June 2018 which prevents Mr Duffy from being involved, in the promotion or management of a company without the courts permission till 1 June 2024.

For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or to take advantage of our free consultation, please telephone Stella Flemmings on 01377 257788, 01724 230060 or 01904 520116 and she will make you an appointment with one of our insolvency professionals at our Driffield, Scunthorpe or York offices.

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