April 20, 2022
The director of a UK-based recruitment firm specializing in the construction industry has been disqualified for being a director for six years, reports Building News. The manager, Stephen Joseph John Mason, of Edinburgh, was sentenced after the insolvency practitioner found he had failed to keep or maintain adequate accounting records. Mason’s company, Angel Contracting Ltd, went into liquidation in 2019 after operating for two years in the construction industry. Mason, the sole director of the company, ignored the insolvency practitioner’s repeated requests for access to the company’s accounts and other documents in order to assess the quality of bookkeeping and to judge whether any misconduct had occurred. occurred.
The investigation could therefore not determine whether the company spent around £5.5 million legitimately. He was also unable to confirm whether Angel’s earnings, also totaling £5.5m, were earned through genuine commercial sales. Mason admitted that he failed “to keep or maintain adequate accounting records.” His ban began on April 4 and will expire in 2028. During this period, he will not be able to engage directly or indirectly in the promotion, formation or management of a business without the express permission of the court. Nor can he receive property from a corporation. No account has been filed for Angel Contracting.