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The director of the women’s clothing manufacturer was banned from managing the company for six years after not receiving a tax bill of 98Had paid £ 000

Surinder Singh (62) from Leicester was the director of Lady Fashion (UK) Ltd The company was founded in Leicester in September 2017 and manufactured women’s clothing

However, the company was placed into compulsory liquidation in July 2019 after ceasing trading and a $ 98 tax burden accumulated since April 2018Had not paid GBP 000

The official recipient has been appointed as the liquidator of Lady Fashion (UK) and has investigated Surinder Singh’s conduct as director of the company

It was found that Surinder Singh failed to ensure that Lady Fashion kept accounting records, and the director also had 180 between November 2017 and March 2019£ 000 in cash debited from company accounts and unable to explain the reasons for the withdrawals to the official recipient

Following the investigation, Surinder Singh was banned from serving as the company’s managing director for a period of six years. He did not deny that he had failed to ensure that Lady Fashion kept and / or kept adequate accounting records and that the company was Disadvantage of the tax authorities acted

Surinder Singh signed the commitment on Jan. December, before the 22 December came into force

Surinder Singh tried to disguise his actions with a lack of records and tried to gain an unfair competitive advantage by not paying the tax due

The directors have a clear duty to ensure that they keep complete and accurate records for their business and we will act resolutely against those who fail to meet these required standards, as this case demonstrates

Disqualification companies are the administrative equivalent of a disqualification order, but do not involve legal proceedings. Individuals subject to a disqualification order are bound by a number of restrictions

More information about the work of the bankruptcy service and the complaint about financial misconduct

E-mail
Pressoffice @ insolvencyGovernmentUnited Kingdom

Media manager
0303 003 1743

This service is only for journalists.If you have any further questions, please refer to the insolvency request.For all media inquiries outside normal working hours, please contact the press office of the Ministry of Corporate, Energy and Industrial Strategy on 020 7215 1000

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World News – UK – Apparel maker banned due to unpaid tax burden

Source: https://www.gov.uk/government/news/clothing-manufacturer-banned-for-unpaid-tax-bill