Belfast bakery owners banned from top posts over £90,000 debt
The former owners of a north Belfast home bakery have been banned from senior business roles for four years each after it collapsed, owing over £90,000.
Husband and wife team Gerard (63) and Maureen Burns (62) from Seven Mile Straight in Muckamore ran the The Old Oven Door bakery on Antrim Road.
The partnership running the bakery went into liquidation in 2014 and in an action brought by the Department for the Economy, the couple accepted that they had overpaid themselves over a two year period.
They accepted that the overpayments resulted in losses to creditors, leading them to accept a four-year disqualification .
Meanwhile, the boss of a haulage company in Newry has been disqualified as a director for five years after his firm went out of business owing £1m.
Gareth Warde from Windsor Manor in Newry accepted misconduct as a boss of Trevor Warde Groupage Services.
The company was based at Tandragee Road in Newry and went into liquidation owing £1.2m in May 2014 after 25 years in business.
Mr Warde (33) acknowledged that he had allowed someone who had already been disqualified as a director to effectively carry out the role in the business over a four year period.
That person had carried out fraudulent activities as they had accepted the role of a director without recognising the responsibilities and duties of the role.
Another director of the same firm is also facing disqualification action.
Meanwhile, a former company boss based in Bettystown in Co Meath was disqualified for six years over his conduct as the boss of cleaning company Direct Cleaning Services (NI) Ltd in Adelaide Street in Belfast.
The company went into liquidation in June 2014 owing just over £116,000. Paul Corry (52), from Betaghstown Wood in Bettystown, was disqualified for six years as a director.
He accepted misconduct including breaching his duty to the company by making transfers of over £146,000 to a connected company.
The Department for the Economy said proceedings were continuing against another director of Direct Cleaning Services.
DfE added that since April 2016, 35 former bosses had given disqualification undertakings, while the court had also made three orders.
Directors' disqualification proceedings are brought by the department where the directors of failed companies are deemed to have abused the privileges of limited liability status.
Insolvency practitioners such as administrators have a duty to notify the department of potential unfit conduct.