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Bosses of bust door firm handed bans

By Margaret Canning

Published 12/11/2016

The former owners of a well-known doors business have received boardroom bans after their firm went bust owing £121,000.

Titan Doors, which also made shutters and roller blinds, was based in Duncrue Crescent and went into liquidation two years ago.

John Watson (62), from Glencairn Crescent in Belfast, Gerard Robinson (53), from Henryville Meadows in Ballyclare, and Jack Millen (58), from York Road in Belfast, have been disqualified as directors for six years each over their conduct as owners of the company.

The proceedings against the trio were brought by the Department for the Economy.

In giving promises that they would not act as directors for six years, they accepted that they were guilty of misconduct, including failing to file accounts and breaching the terms of an invoice finance agreement that the company had agreed to.

All three admitted that they had breached their duties as directors to act in the interests of the company and did not exercise proper control over the business's affairs.

They admitted to harming the company's interests by breaking an invoice finance agreement.

And they also admitted to failing to file company accounts for seven separate tax years on time.

They additionally failed to file annual returns for seven tax years on time, and did not file annual returns at all for 2013/14.

Bosses of insolvent companies are investigated to establish if their conduct as directors has harmed the firm.

This year, 25 ex-directors have given undertakings not to act as bosses, while three others were the subject of orders which declared them to be disqualified.

This week, joinery firm director Patrick Gallagher (44) of Ranaghan Road in Maghera, Co Londonderry, was disqualified for four years over misconduct at the helm of Gallagher Contracts.

His misconduct included failing to pay taxes of around £115,000 and failing to file accounts on time.

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