Gerald William Channing was disqualified following an investigation by The Insolvency Service.
Mr Channing, 68, of Peterborough, cannot act as a director of a limited company from 6 June 2013 until June 2020.
Trenchright Civils Ltd went into liquidation on 4 February 2011 owing more than £500,000 to creditors. The last annual accounts filed by the company were for the year ending 31 August 2008. Mr Channing had not kept proper records from 1 September 2008 until the company’s liquidation in February 2011. There were no records available to account for more than £1m of cash withdrawals from the company during the period. The lack of proper records has made it difficult for liquidators to recover funds to repay the company’s creditors.
The investigation also showed that the company had unpaid taxes dating back to April 2009 – and it had not paid any tax at all since February 2010. At liquidation, it owed £424,189 to HMRC.
Got a story? Email news@theconstructionindex.co.uk
