Pomeroy businesswoman disqualified after failing to pay tax
A POMEROY businesswoman, who ran a steel fabrication company, has been disqualified from acting as a director for 8 years for failing to pay tax.
Ann Isabella Theresa McGee (53) of Tandragee Road, Pomeroy was disqualified in respect of her conduct as a director of Fabricat (Ireland) Contractors Limited.
According to the Department of Enterprise, the company, which was based at Tandragee Road, went into administrative receivership on 17 November 2010 with estimated liabilities to preferential creditors of £35,732, liabilities to the floating charge holder of £3,718,210, liabilities of £1,954,593 to non-preferential creditors, and an estimated deficiency as regards creditors of £5,688,535.
“After taking into account the losses incurred by members (the shareholders) of the Company the total estimated deficiency was £5,688,537. The Company subsequently went into liquidation on 22 November 2010”, said a spokesperson for the department.
The disqualification prevents her from in any way managing or controlling limited companies for the duration of her ban.
The department charged her with disposing of assets worth £161,500 without consent, and permitting the company to retain a sum of £802,399 which was properly payable to the Crown but not paid over consisting of £212,019 in respect of PAYE and £297,013 in respect of NIC for the years 2007/08 to 2010/11.
The director was also charged with failing to file company accounts in 2008 and 2009.
The department has accepted 62 disqualification undertakings and the court has made 24 orders disqualifying directors in the financial year commencing 1 April 2012.
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