26 Jan 2015 01:25pm

Directors banned over £136,000 tax liability

Two Bristol restaurateurs have been banned from acting as company directors for a total of six years after their business collapsed with a tax liability of £136,000

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."

Ellie Clayton



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