Director in boardroom ban after joinery firm goes bust in Northern Ireland
The boss a Co Londonderry joinery firm has been given a four-year boardroom ban after his business went bust owing more than £246,000. Patrick Gallagher (44), director of Gallagher Contracts Ltd, accepted misconduct including failing to pay taxes of around £115,000 and failing to file accounts on time.
Mr Gallagher, of Ranaghan Road, Maghera, admitted he had filed accounts late over a six-year period and had not filed any accounts for the year ending March 31, 2013.
The company went into liquidation on March 2014 owing approximately £246,000. The unpaid taxes included £55,174 of Vat and £60,000 of corporation tax, built up over four financial years.
Proceedings against the director were brought by the Department for Economy. So far this year, it has disqualified 28 company bosses.