The directors of Blackburn’s BCP (NW) Ltd have been disqualified following an investigation by The Insolvency Service’s company investigations team in Manchester.
Paul Andrew Charles Sterry, 44, of Bacup, Lancashire and Darren Alan McGaughey, 45, of Bolton, Lancashire gave undertakings not to manage or be a director of any business for six years and five years respectively.
The investigation found that between November 2009 and November 2010, Mr Sterry and Mr McGaughey failed to ensure that the company paid £598,547 owed in tax to HM Revenue & Customs (HMRC).
The directors also failed in their statutory duty to ensure that the company maintained adequate accounting records. The computerised records that they provided to investigators were insufficient to verify the company’s financial dealings.
The company was placed into administration on 5 November 2010 with estimated debts of £1,295,572.
“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,” said Claire Entwistle, regional director of company investigations.
“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to comply with the basic requirements of being a director will result in the protection of limited liability being withdrawn, as these two directors have found out.”
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