Director role ban for East Lancashire finance chiefs

First published in Simonstone

THE former bosses of a well-known East Lancashire finance firm have been barred from being company directors for four years after falling foul of the taxman.

Express Management Services, based in Church Street, Burnley, went under in November 2009, owing just over £101,000.

But the bulk of their debts were due to Her Majesty’s Revenue and Customs, prompting an investigation by the Insolvency Service.

Now Mohammed Tufail, 61, and Shahnaz Tufail, 54, both of Whalley Road, Simonstone, have been disqualified from being company directors after a two-year probe. Investigators discovered that more than £323,000 was paid out from the company’s HSBC bank account from the end of December 2007 to the point of liquidation.

But the last National Insurance or pay-as-you-earn tax contribution from the outfit was in August 2007.

Payroll records for the company for the tax year 2009-10 could not be recovered, by investigators. And when the liquidators were called in by Bury-based insolvency experts DTE around £76,304 was owed in back tax.

An Insolvency Service spokesman said while £22,395 went on wages, over the same period, another £24,223 was withdrawn by to the Tufails.

Another £131,426, withdrawn from the company’s bank, could not be accounted for.

Under the terms of the disqualifcation the Tufails are restricted from being involved in the promotion, organisation or management of a company until 2015.

Comments (5)

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1:57pm Mon 5 Dec 11

everywhere is sh1t says...

should be locked up and there assets taken from them,they will only get someone else to start again
should be locked up and there assets taken from them,they will only get someone else to start again everywhere is sh1t
  • Score: 1

4:28pm Mon 5 Dec 11

prince of darkness says...

Again another high earner rip off. Profits from crime to investigate money loss transfers.
Again another high earner rip off. Profits from crime to investigate money loss transfers. prince of darkness
  • Score: 1

4:55pm Mon 5 Dec 11

Common_Sense1 says...

Will their house or nice expensive range rover be taken off them as well?
Will their house or nice expensive range rover be taken off them as well? Common_Sense1
  • Score: 1

10:48pm Mon 5 Dec 11

golazzo says...

Would this happen to be the same people who it is alleged owned a certain sandwich shop in town a couple of years ago, which was raided by armed police for alleged banned substances and firearms
Would this happen to be the same people who it is alleged owned a certain sandwich shop in town a couple of years ago, which was raided by armed police for alleged banned substances and firearms golazzo
  • Score: 1

9:19am Tue 6 Dec 11

Keep Darwen Green says...

whats that, not another fraud/tax evasion/insurance/ cash for crash scam or sit on my arse and shuffle papers around pretending its work to finance a luxury lifestyle. Seems to have become the norm. 2 down half of Blackburn to go.
whats that, not another fraud/tax evasion/insurance/ cash for crash scam or sit on my arse and shuffle papers around pretending its work to finance a luxury lifestyle. Seems to have become the norm. 2 down half of Blackburn to go. Keep Darwen Green
  • Score: 1

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