A Derry director has been disqualified in the High Court, Belfast in respect of his conduct as a director of a Health Studio.
Mehran Ghanbari (41) of Carn Manor, Summer Meadows, Crescent Link, Derry, was disqualified for 11 years on 25 February 2015, in respect of his conduct as a director of Ben Madigan Limited (the Company).
The company carried out the business of operating a health studio and masseurs from Limavady Road and entered liquidation on May 5, 2011 with estimated total assets available for preferential creditors of £nil, liabilities to preferential creditors of £792, liabilities to non-preferential creditors of £182,491, and an estimated deficiency as regards creditors of £183,283. After taking into account the losses incurwred by members (the shareholders) of the company the estimated total deficiency was £183,284.
The matters of unfit conduct alleged by the Department of Enterprise, Trade and Investment (the Department) in relation to Mehran Ghanbari in respect of his conduct as a director of the company and accepted by the Court were, acting as a director of the company without leave from the High Court whilst an un-discharged bankrupt; failing to fully co-operate with the Official Receiver; causing and permitting the Company to retain Crown monies in the sum of £47,169 consisting of £6,351 in respect of PAYE for the tax years 2008/09 to 2010/11; £11,985 in respect of NIC for the tax years 2009/10 and 2010/11 and £28,833 in respect of VAT for the tax years 2008/09 to 2011/12; failure to file Annual Returns for the years ended October 17, 2008, October 17 2009 and October 17 2010.
The department has accepted 58 Disqualification Undertakings and the court has made 13 orders disqualifying directors in the financial year commencing April 1 2014.