Two directors of Manchester based JLK Partnership Ltd (JLK) have been disqualified for a total of 10 years for failing to maintain full accounting records or exercise proper control over the company’s affairs following an investigation by the Insolvency Service
Stuart Delmonte was disqualified for six years and Kirsty Englander for four years after JLK, which carried out substantial trading in metals, as well as being involved in corporate restructuring and office cleaning businesses, went into liquidation in 2012 owing £291,535 to creditors and was compulsorily wound up.
The lack of accounting records resulted in investigators being unable to determine the full extent of the company’s activities. In particular, investigators were unable to account for the company’s trade in metals during 2010 which had resulted in HMRC claiming £277,948 in unpaid VAT from the company.
Ken Beasley, of the Insolvency Service’s Public Interest Unit said: ‘Mr Delmonte neglected his duties as a company director by failing to maintain proper accounting records. Miss Englander failed to exercise the proper level of control over the affairs of a company expected of a director.
'Directors have a clear, statutory duty to ensure that their companies maintain proper accounting records. Without a full account of transactions it is impossible to determine whether a director has discharged his or her duties properly, or is using a lack of documentation to mask impropriety.’
