Concrete firm director disqualified for seven years
A DIRECTOR of a Moneymore concrete company has been disqualified.
The Department of Enterprise Trade and Investment (DETI) accepted a disqualification undertaking from Ivor Davison, a director of Quarry-Fix Ltd.
His conduct was found to be unfit as a result of missing thousands of pounds worth of tax, failing to provide accountancy records during insolvency proceedings and failing to file accounts.
The company went into liquidation in November 2008 owing £459,666.
Mr Davison is disqualified from founding, directing or managing a company for seven years.
It comes less than two months after the department accepted disqualification undertakings from two directors of Reflex Holdings.
Paul Hurson and Peadar Hurson were disqualified for 12 years - the top bracket of disqualification.
A director can be disqualified for a maximum of 15 years, where the misconduct is particularly serious, down to a minimum of two years.
The plastics company went into liquidation in June 2009, with a total estimated deficiency of £2,668,000.
Failing to check if employees were entitled to work in the UK, trying to remove assets before the company went into administration and obtaining finance from Ulster Bank in breach of an Invoice Discounting Agreement were among the instances of unfit conduct noted of the directors of the Co Armagh firm.