Whoa! We average 60,000+ unique weekly readers!

FeaturedNews

Director of Charly’s Restaurant agrees to Disqualification

1 Mins read

The Department of Enterprise, Trade and Investment (the Department) has accepted a disqualification undertaking from the director of a restaurant business.

Undertakings were received for nine years from Lynda Coulter (55) of Deramore Park, Belfast in respect of her conduct as a director of Loughgall Limited (“the Company”).

The Company traded as Bourbon Restaurant from 60 Great Victoria Street, Belfast and Charlys Restaurant from 34 Newbridge Road, Coleraine. It went into liquidation on 2 May 2013 with estimated total assets available to creditors of £247,500, liabilities to secured creditors of £639,147, liabilities to unsecured creditors of £777,874 and an estimated deficiency as regards creditors of £1,169,521. After taking into account the losses incurred by members (the shareholders) of the Company the estimated total deficiency was £1,169,522.

The Department accepted the disqualification undertaking from Lynda Coulter on 25 February 2016 based on the following unfit conduct which solely for the purposes of the disqualification procedure was not disputed:

  • Acting as a director whilst being an un-discharged Bankrupt;
  • Operating a Phoenix company and/or in the alterative repeating a pattern of unfit conduct and failure to learn from a previous insolvency;
  • Causing and permitting the Company to retain £311,806 properly due to the Crown consisting of £26,346 in respect of PAYE for the tax year 2012/13; £71,805 in respect of NIC for the tax years 2011/12 and 2012/13 and £213,655 in respect of VAT for the tax years 2011/12 and 2012/13.

The Department has accepted 25 Disqualification Undertakings and the Court has made eight orders disqualifying directors in the financial year commencing 1 April 2015.

Image Credit : Google Maps

10823 posts

About author
An article that is attributed to the Causeway Coast Community Team has either involved multiple authors, written by a contributor or the main body of content is from a press release. Got a news-related tip you’d like to see covered on Causeway Coast Community? Email us - [email protected]
Articles
Related posts
News

Bid for Belfast to host Armed Forces Day 2022 slammed by Sinn Fein

1 Mins read
FacebookTwitterPinterestWhatsAppA bid to bring Armed Forces Day to Belfast has been condemned by Sinn Fein. The last Armed Forces Day in Northern…
Featured

Executive statement on Coronavirus Health Regulations

1 Mins read
FacebookTwitterPinterestWhatsAppThe Executive has today agreed changes to the Coronavirus Health Regulations to reduce the numbers who can gather indoors and outdoors, including…
News

Murphy allocates funds for health, childcare and free school meals

1 Mins read
FacebookTwitterPinterestWhatsAppFinance Minister Conor Murphy today allocated over £250 million as part of the 2020-21 June monitoring round process. Announcing the funding, Minister…

Leave a Reply

Your email address will not be published. Required fields are marked *