A director from Dundee who failed to co-operate with the liquidator and deliver up the company’s accounting records when his business was wound up has been disqualified for seven years, following an Insolvency Service investigation which found it was not possible to verify the company’s activities
Christopher Ireland was the sole director of Scotboys Group Plc, which was a company set up for wired telecommunication and travel agency activities. It was placed into compulsory liquidation following a winding up petition lodged by Direct Response Ltd in September 2015.
Following the liquidator’s appointment, the investigation found as a consequence of Ireland’s failure to co-operate and deliver up the company’s accounting records it was not possible to verify why Scotboys Group failed to meet the legal requirements of a plc.
It was also not possible to establish the true nature of the company’s trading business and history or its financial position at any given time, between incorporation in August 2013 and when it went into liquidation with liabilities of £52,106.
In addition, there was no explanation of what became of unpaid goods supplied by creditors totalling £24,958.
Robert Clarke, head of company investigation at the Insolvency Service said: ‘Keeping proper records is a pivotal duty for directors and there is no place in the business environment for those who neglect their responsibilities in this area and thereby cover up the activities of the companies they manage.
‘The lack of records in this case made it impossible to determine whether there was other, more serious, misconduct at Scotboys Group Plc and that is reflected in the lengthy period of disqualification.’
