THE director of a firm which traded in fizzy drinks, car parts and accident data has been banned for nine years for failing to keep adequate accounting records.
Javid Morgra, aged 32, was the sole director of Middleborough Ltd ,which was wound up in November, 2016.
The company owed creditors at least £2,119,589 — despite filing accounts showing turnover of £2,321,657 for the period ended August 31, 2015.
Morgra, from Bolton, admitted that he had failed to keep sufficient company records and has now given an undertaking not to be a director of a limited company, for nine years.
He did not dispute that, as a consequence of the lack of records, it had not been possible to verify his explanations for a number of shortfalls.
Ken Beasley, of the Insolvency Service’s Public Interest Unit, said: “The Insolvency Service will not tolerate directors who cannot show that their companies are being run for legitimate purposes.
“The director of this company has fallen far short of the standard of record keeping that can be reasonably expected and as a result, there were serious concerns over the true nature of this business.”
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