THREE more company directors from two failed businesses have been banned for a combined 16 years in two separate cases brought by the Department for the Economy.
Husband and wife Alistair William Duncan (57) and Janet Duncan (55), both of Ballybarnes Road in Newtownards, were banned for eight and two years respectively in respect of their conduct as directors of textiles wholesaler firm Duncan Rugs Limited, which operated from Quarry Heights industrial estate in the town.
It went into Liquidation in September 2015 with close to £370,000 in assets, but ultimately owing £854,022 after liabilities.
The couple admitted a range of areas of unfit conduct, including discriminating against the Crown by retaining £207,513 properly owned in income tax, national insurance and Vat over different trading years.
Duncan Rugs also failed to file annual accounts for the year ended February 2013, and over four previous trading years didn't get their accounts in within the allowed period.
Alistair William Duncan was also said to have submitted a sworn statement of affairs which was "materially inaccurate and misleading" and failed to fully co-operate with the officeholder and/or deliberately obstructing and/or attempting to frustrate the administration of the company.
Meanwhile a six year boardroom disqualification has been handed to 54-year-old Colin John Conn, who lives in Western Australia.
He was a director of property development business Corner Blok Limited, based at Upper Newtownards Road in Belfast, which went into administration in March 2011 owing £2,150,002.
Conn admitted permitting the company to retain £981,529 in Vat payments from 2007/08 to the date of administration and also obtaining loans from the company of which £596,478.96 remained outstanding when the firm collapsed.
