Convery Haulage duo disqualified for litany of tax swindles
Brothers who ran a haulage business in Co Antrim have been disqualified as directors for close to the maximum period for smuggling, using laundered fuel and other misconduct.
Sean Convery (41), from Cherry Hill in Maghera, and 33-year-old Noel Convery from Moyagall Road in Portglenone had led Convery Haulage Ltd, which went bust owing £1.6m last year.
Sean was disqualified for 12 years and Noel for 11 – close to the maximum sanction of 15 years reserved for the most serious of cases. They admitted the company diverted excise goods to try and avoid full duty and smuggled goods to avoid excise duty.
They also used laundered fuel to avoid duty, failed to account for all company assets during the liquidation and withheld over £228,600 in Paye, national insurance and VAT.
They also bounced nearly 200 cheques, totalling £829,000, with seven bouncing twice, and brought needless bank charges to the company by lodging personal cheques totally £575,000, without enough funds to cover them.
They also failed to file annual returns on time. And Sean Convery accepted that he had failed to account for money paid for the sale of company property and did not record the transaction in the accounting records.
In Co Down, ex-debt collector Martyn William Joseph Barrett from Conlig was disqualified for five years after Barrett & Associates went bust two years ago owing £366,000.
Mr Barrett accepted he had withheld over £260,000 which had been due in Paye, National Insurance and VAT.
He traded without a consumer credit licence, and misappropriated customer money, using it to fund the company trading.
He also failed to file annual returns and accounts on time.
Meanwhile, Stephen Robert Gray from Fortwilliam Park in Belfast was disqualified after his company Gainsborough Property Sales went under owing £156,000.
Mr Gray admitted trading while insolvent, failing to submit a statement of affairs, failing to file company tax returns and failing to file accounts.