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Business

Muckamore bakers agree to disqualification

Fresh baked bread and wheat on wooden background.

THE partners of a Co Antrim bakery which went into administration in 2014 owning close to £100,000 have even being banned for four years from being company directors.

Gerard Burns (63) and Maureen Burns (62), both of Seven Mile Straight in Muckamore, ran The Old Oven Door.

But it ran into trouble and collapsed owing its creditors £94,400.

The Department for the Economy accepted the disqualification undertakings from the couple based on a single area of unfit conduct which, solely for the purposes of the legal procedure, was not disputed.

The Burns' admitted drawing remuneration significantly in excess of what the partnership could afford to pay in the period May 2010 to April 2012 which contributed to or caused the insolvency and the subsequent loss to the creditors.

The four-year ban is for cases which are deemed as less serious.

Since last April the Department has accepted 37 disqualification undertakings and the court has made three orders disqualifying directors.

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