Tax dodging civils boss gets seven year ban

Grant Prior 9 years ago
Share

The director of a civil engineering specialist has been barred from running a company for seven years.

Gerald William Channing, director of Peterborugh based Trenchright Civils Limited, was barred after failing to submit the company’s books and records to the liquidators and failing to pay tax.

Trenchright went bust in February 2011 owing more than £500,000 to creditors

The last annual accounts filed by the company were for the year ending 31 August 2008.

Channing had not kept proper records from 1 September 2008 until the company’s liquidation in February 2011 – a full two-and-a half years later.

No records were available to account for more than £1m in cash withdrawals from the company during the period.

The lack of proper records has made it difficult for liquidators to recover funds to repay the company’s creditors.

An Insolvency Service investigation found the company had unpaid taxes dating back to April 2009 and owed £424,189 to HMRC.

Mark Bruce, a Chief Examiner at The Insolvency Service said: “Directors are responsible for maintaining a company’s financial records and ensuring tax is paid.

“This investigation found that very significant assets were missing and there were expenses that could not be explained adequately to the liquidators.

“This prevented the liquidators from doing their job properly for the creditors. The taxpayers have also lost out from the director’s failure to pay taxes.

“Other directors tempted to follow this path should remember that if they run a business in a way that is detrimental to either its customers or its creditors they lose the protection afforded by limited liability.

“The Insolvency Service will investigate them and seek to remove them from the business environment.”

 

Latest news

Kier more than halves debts to below £200m

Kier chief reports steady progress in first six months of trading
12 hours ago

Barhale boosts funds as it looks to rebuild turnover

Contractor confident as water companies ramp-up spending plans
12 hours ago

HS2 labour agency looks to float on AIM

£23m turnover labour supply business looks to raise funds for expansion
12 hours ago

Kane scores £29m M&E deal with Willmott Dixon

Off site works to play crucial role in major London estate contract
12 hours ago

Graham secures third Audley retirement village

Work starts on Audley Villages site at Scarcroft, West Yorkshire.
11 hours ago

Keltbray wins first deal for former nmcn infrastructure arm

Hull waste processing contract for rescued division
1 day ago

50 firms win £750m decarbonisation framework

Fusion21 framework to target 'whole building' works on homes and schools
2 days ago

Balfour Beatty UK construction MD to step down

Tom Edgcumbe to depart after just over a year as MD construction services in England and Wales
2 days ago

Crest Nicholson trebles cladding retrofit provisions to £43m

House builder revises building safety retrofit costs in face of new Government guidance
1 day ago

BAM bags £110m refurb of iconic Covent Garden tower

Landmark Seifert-designed 15-storey Space House to get two extra floors
2 days ago

Winvic to start UK’s largest speculative shed

Ellesmere Port warehouse understood to be worth around £80m
2 days ago

Kier signs deal for £169m Luton hospital revamp

Main construction work to start this month and last until 2024
2 days ago

Willmott Dixon nabs £30m Kirklees police HQ

Work to start within next few weeks on regional police HQ
2 days ago

Kier reported to be in talks to buy Tilbury Douglas

Talks reported to be at an advanced stage between both boards
3 days ago

Finance sealed for next-generation London office job

Goldman Sachs takes stake in London Bridge office project
3 days ago

John F Hunt starts giant clean-up on £110m Walsall site

Land remediation work at contaminated site will take two years
2 days ago

Build to rent boom lifts Watkin Jones profit to £52m

Surging build to rent market lifts development pipeline to £1.8 billion
2 days ago

HS2 awards £310m station lifts and escalators deal

TK Elevator signs 160 lifts and 130 escalators deal for four stations
3 days ago

Robot cutter set to revolutionise paving jobs for Eurovia

Automated system will spell end for noisy slab cutting on busy sites
3 days ago

First mass built carbon negative homes get underway

St Modwen first volume developer to build affordable carbon-negative homes
4 days ago

GMI Construction names new CEO

Lee Powell takes helm as CEO at GMI Construction in growth push
4 days ago

514-home London scheme clears final hurdle

Inland Homes declares victory after three-year planning battle over Hillingdon Master Brewer site
4 days ago

Henry Construction wins £30m Clarion housing scheme

Ravensbury estate regeneration in Mitcham is Henry's first project for Clarion
4 days ago

Lovell lands £700m homes deal with Suffolk council

Development joint venture will see at least 2,800 homes built across the county
4 days ago

Ballymore pulls 51-storey tower plan amid fire safety concern

London Fire Brigade raises concern about single staircase and fire strategy
7 days ago

New work surges as materials shortages ease

Mild weather and easing of supply chain bottlenecks lifts new work 5.7%
6 days ago

PDR Construction goes into administration

All staff made redundant as suppliers owed millions
1 week ago

Brick-laying robot gets approval from NHBC

Robot can now be used in construction of new homes covered by NHBC warranty
7 days ago

Temporary visa scheme needed for London sites

Mayor of London demands action over site skills shortages
1 week ago

Construction worker dies after fall from mobile tower

Court hears how tower wasn't configured correctly
1 week ago

Contractor services