Boardroom ban for freight firm bosses who left £4.5m debt
The husband and wife directors of a Co Down freight transport company which went bust owing £4.5m have been banned from the boardroom for eight years each.
Cathrina Rose Tinnelly (49) and her 47-year-old husband Kevin Martin of Kilbroney Road in Rostrevor were disqualified by the High Court for their unfit conduct while they were running Tinnelly International Transport.
The unfit conduct included failing to pay £60,000 in insurance money which they owed to Clearway Disposals.
The couple did not attend the High Court hearing in January, in which the Department of Enterprise, Trade and Investment also said they failed to pay over £568,000 in Vat, Paye and National Insurance contributions.
DETI, which has only just revealed details of the case, said the couple had also failed to submit a statement of affairs and accounts for the company, which went into liquidation in March a year ago.
The High Court judgment stated the case was a serious one in which the directors "demonstrated a lack of probity particularly with regard to the issue of failing to pay over insurance monies properly due to a third party".