Belfast Telegraph

Sunday 20 April 2014

Defunct directors disqualified for misconduct

The bosses of two defunct firms in Tyrone have been given boardroom bans for misconduct.

Declan McNally (42), of Quarry Road in Omagh, was disqualified as a director for six years for his wrongdoing at the helm of Carmac (Waste Handling Systems) in Carrickmore.

The firm, based at the village's Milestone Centre, went into administration in 2009 owing £1.6m. McNally accepted misdemeanours including withholding £480,000 in tax, national insurance and VAT.

Meanwhile, the father and son directors of a stone and quarrying firm were disqualified for a combined 15 years.

Ryan Conway (33), of Crockanboy Road in Omagh, was given a seven-year boardroom ban and his father Francis (63), of Aghascrebagh Road in the town was banned for eight years over the demise of Castle Quarry Ltd.

The business went under in March 2009 owning nearly £860,000. The father and son had failed to pay £342,500 in tax, national insurance and Vat.

Mr Conway snr also accepted that he had filed "arithmetically incorrect" accounts.