Bombin Ltd, which traded as Café 59 in Clifton, Bristol, went into liquidation in 2013.
The insolvency service said in a statement that the company directors, Ghullam Reza Narimani and Nadim Som Narimani, had accepted a number of “matters of unfitness”. They were banned from becoming involved in the promotion, formation or management og a company for three and a half years and two and a half years respectively.
An investigation showed that the company failed to make a number of VAT and PAYE payments between at least 7 April 2011 and August 2013, resulting in a tax liability of £136,055.
According to the insolvency service, an analysis of available bank statements showed that between 7 April 2011 and 29 April 2013 at least £623,491 was credited to Bombin’s bank account; of this £17,000 was paid to HMRC. Between 31 March 2011 and 3 October 2013, HMRC liabilities increased by £112,823; whilst trade creditors decreased by £8,198 to £23,528.
Sue Macleod, chief investigator at the Insolvency Service, said, "These bans should serve as a warning; if you fail to fulfil your obligations and seek to gain an unfair advantage over competitors, by not paying VAT and PAYE, you could lose the protection of limited liability."