Belfast Telegraph

Seven-year boardroom bans for bosses of liquidated firms

by margaret canning

A transport company boss has been given a seven-year boardroom ban after his firm went bust owing more than £190,000.

Stephen Rogan (48), of Long Rig Road, Nutts Corner, Crumlin, admitted submitting an inaccurate statement of affairs about SR Transport (NI) Ltd and withholding more than over £150,000 from the Crown.

The director did not pay corporation tax of £17,200 and broke company law rules by taking out a loan from the firm. He still owed £105,000 when it was wound up.

He also allowed 33 cheques totalling £27,000 to be bounced, direct debits worth £26,000 and standing orders of nearly £3,000.

The Department of Enterprise, Trade and Investment has also disqualified a husband and wife of Aghanure Road, Broughshane.

CTM Developments, run by Colin Thomas Millar (46) and Sharleen Millar (44), now of Carnalbanagh Road, Broughshane, went into liquidation in 2010 owing £302,000. They admitted misusing company funds by making a loan to a new firm, of which they were also directors.

Mr Millar also admitted taking funds for his own benefit and Ms Millar admitted allowing him to do so.

Belfast Telegraph