Cleaning company boss banned after failing to maintain records
THE boss of a Cheshire cleaning company has been disqualified as a director for seven years for failing to maintain adequate financial records.
David Miles Perfect, 53, the director of Northwich Cleaning Ltd, formerly known as BCS (Northampton) Ltd was found to be in breach of his fiduciary duties between December 9 2013 and June 24 2014 by the Insolvency Service.
In the absence of complete records it was not possible to determine the purpose of payments in the sum of £35,500 to Perfect.
It was also not possible to verify the purpose of 83 cheque payments in the sum of £30,734 and whether these transactions and purchases from Northwich’s bank account had been for the benefit of Northwich.
Perfect caused or allowed Northwich to enter into transactions totalling at least £52,600 to an estate agent in respect of a London rental property and £40,000 to a company for financial advice, that were either made at a time when Northwich was insolvent or caused it to become insolvent, as they were made at a time when it had failed to pay creditors, including £144,831 owed to HM Revenue and Customs.
The Secretary of State accepted a disqualification undertaking from David Miles Perfect, effective from December 5 2016, for seven years.
Commenting on the disqualification, Robert Clarke, head of company investigations at the Insolvency Service, said: “Directors have a 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 their duties properly, or is using a lack of documentation as a cloak for impropriety. This director has paid the price for failing to do that, as he cannot now carry on in business other than at his own risk.”
