Belfast Telegraph

Friday 26 December 2014

Banned Northern Ireland company directors had debts of £2.5m

Three sets of company directors have received boardroom bans after running up debts totalling nearly £2.5m
Three sets of company directors have received boardroom bans after running up debts totalling nearly £2.5m

Three sets of company directors have received boardroom bans after running up debts totalling nearly £2.5m.

Co Londonderry construction firm director Eugene Bradley (47) of Ringsend Close, Swatragh, Maghera, was disqualified in July for four years after shoring up debts of £297,511.

His firm EJB Construction Services Ltd, of the same address, went into liquidation in December 2011, also owing £145,968 in unpaid taxes.

Mr Bradley admitted bouncing 69 cheques with a value of £90,464.70 to the First Trust Bank – one of which, for £374.40, was returned twice.

Meanwhile, Colin Crothers (48) of Baird Avenue, Carrickfergus was disqualified as director of James Harcourt (NI) Limited for three years.

The double glazing contractors, based at Boucher Place in Belfast, went bust in February 2011 with losses worth £391,516 and owing £225,874 in various taxes.

And food company directors Gillian White (58) and Nicholas Herbert White (58) of Leafy Close, Leyland, Preston were struck off as directors after their debts spiralled to £1,887,101.

Ashwood Fine Foods Limited sold fresh, chilled and frozen food products and was registered at Lanyon Quay, Belfast but traded from Gough Lane, Bamber Bridge in Preston before going under in July 2011.

The food company had breached an invoice discount agreement with Bibby Financial Services by making false claims for invoiced finance.

They also admitted creating a fake supplier account with Bibby, overstating the amount owed to a debtor by around £220,000.

Nicholas White also admitted to failing to submit a statement of affairs.

£90,464

The total value of 69 cheques which bounced at First Trust Bank

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