Two directors of a suspended ceiling contractor and supplier have been disqualified for a total of 11 years after cheating the tax man out of more than £500,000.
Blackburn-based B.C.P (NW) Limited went into administration on November 5 2010 with estimated debts of £1,295,572.
An Insolvency Service investigation has now resulted in Paul Andrew Charles Sterry, 44, of Bacup, Lancashire and Darren Alan McGaughey, 45, of Bolton, Lancashire giving undertakings not to manage or in any way control a company or be a director for six years and five years respectively.
The investigation found that between November 2009 and November 2010, Sterry and McGaughey failed to ensure that the company paid £598,547 owed in tax to HM Revenue & Customs.
The directors also failed to keep adequate accounting records and provided investigators with computerised records which were insufficient to verify the company’s financial dealings.
Claire Entwistle, Director of Company Investigations North, said: “Being a director company director brings with it certain responsibilities and the Insolvency Service will rigorously pursue directors who seek unfair advantage over their competitors by not paying their taxes.
“Failure to comply with the basic requirements of being a director will result in the protection of limited liability being withdrawn, as these two directors have found out.”
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