Director gets 8-year ban for poor records

GURPEAGE Singh Bhatti, also known as Jason Singh, has been banned as a director for eight years after failing to keep adequate records for his reinforced concrete firm.

Bhatti ran North West Concrete from a unit in Miles Platting until it went into liquidation with debts of almost £300,000 in February 2012.

An investigation by the Insolvency Service found records were not maintained which meant it has not been able to verify the financial dealings of the company, particularly £150,000 withdrawn in cash and more than £400,000 transferred to Bhatti’s personal account.

Robert Clarke, group leader of Insolvent Investigations North at the Insolvency Service, said: “Directors have a clear, statutory duty to ensure that their companies maintain proper accounting records, and, following insolvency, deliver them to the office-holder in the interests of fairness and transparency.

“Without a full account of transactions it is impossible to determine whether a director has discharged his duties properly, or is using a lack of documentation as a cloak for impropriety. Mr Bhatti has paid the price for failing to do that, as he cannot now carry on in business for the duration of his ban other than at his own risk.”