Directorship ban for local couple

Two local company owners have been banned from acting as company directors for six years.

Mr Edwin Connor, 68, and Mrs Elisa Maria Connor, 54, have been banned from being company directors for failing to maintain or deliver up the books and records of E Connor of Cheshire Limited.

Both have been banned from acting as company directors until 2022.

Mr and Mrs Connor became directors of E Connor of Cheshire Limited in May 2011 and the company went into voluntary liquidation in August 2014, owing creditors nearly £255,000.

From February 2014 to the date of liquidation in August 2014, they failed to maintain and/or preserve adequate accounting records or deliver to the liquidator such records.

This meant it was not  possible to explain the whole of the company’s expenditure and establish that all expenditure related to genuine company expenses.

During the period, debits from the bank account totalled £483,486 of which £103,000 relating to transfers made to a connected bank accounts could not be explained from the records.

Martin Gitner, deputy head of investigation and enforcement services at the Insolvency Service said: “Directors who operate businesses have to maintain sufficient records to explain how monies have been expended and following insolvency, make sure that such records are delivered up for scrutiny by the relevant bodies.

“By failing to do this the public can not be sure that all funds received by the company were used for legitimate purposes.”