Business

Director (73) carried on business while serving boardroom ban

A BANBRIDGE businessman who carried out duties as a company director while serving a seven-year boardroom ban has been handed a 14-year disqualification which doesn't expire until he will be in his late 80s.

The Department for the Economy accepted the disqualification undertaking from Clive Parks (73) of Wyncroft Heights in the town in respect of his conduct as a director of metal structures manufacturing business Annesborough Engineering Limited in Lurgan.

The business went into liquidation in May 2015 owing its creditors £250,513.

The court heard that Parks had acted as a de-facto director of the company during the period June 2008 to May 2015 while he was disqualified from acting as a director, and he admitted failing to learn from previous insolvencies and repeating a pattern of unfit conduct.

Parks also allowed the company to retain monies of £105,969 properly owed in various taxes over two separate trading years and operating a policy of discrimination against the Crown.

He also failed to file annual accounts on time for different business years and didn't file annual returns for the periods ended June 2011 to June 2013 within the prescribed periods.

Enjoy reading the Irish News?

Subscribe from just £1 for the first month to get full access

Today's horoscope

Horoscope


See a different horoscope: