Company ban for East Lancs care boss

Company ban for East Lancs care boss

Company ban for East Lancs care boss

First published in News Lancashire Telegraph: Photograph of the Author by , Reporter

A CLITHEROE businessman has been banned from being a director for seven years after failing to look after company records.

Kyle Goldsmith, 41, a director of Kymo Holdings Ltd, Lancashire Nursing and Residential Homes Limited and Carecroft Limited, all of which were involved with the operation of a care home in Clitheroe, was banned following a hearing at Bolton County Court. Mr Goldsmith’s disqualification follows an investigation by the Insolvency Service and prevents him from acting as a company director or from managing or in any way controlling a company until 2021.

The investigation found that minimal records had been delivered up to the liquidators of the companies following their failure in 2011 and 2012, and as a result it was impossible to verify the companies’ financial dealings, in particular the extent of their assets and liabilities, the purpose of cash transactions and the nature of inter-company transactions.

As a director, Mr Goldsmith had a responsibility to make sure this was done.

Robert Clarke, group leader of Insolvent Investigations North at the Insolvency Service, said: “Directors have a clear, statutory duty to ensure that their companies maintain proper accounting records, and, following insolvency, deliver them to the office-holder in the interests of fairness and transparency Without a full account of transactions it is impossible to determine whether a director has discharged his duties properly, or is using a lack of documentation as a cloak for impropriety.

“Mr Goldsmith has paid the price for failing to do that, as he cannot now carry on in business other than at his own risk.”

Send us your news, pictures and videos

Most read stories

Local Info

Enter your postcode, town or place name

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree