Boss of Belfast eaterie banned from being director of food businesses

10 January 2018 by
Boss of Belfast eaterie banned from being director of food businesses

The boss of a Belfast eaterie has been disqualified from directing a restaurant or café business for seven years following serious financial mismanagement.

The Northern Ireland Executive's Department for the Economy has reported that Paul Savage, 32, of Groomsport in Bangor, failed to keep proper accounts and used company funds to discharge personal debts.

His company, Lime & Mocha Ltd, of Woodstock Road, went bust in January 2015 owing creditors £19,483.

Savage has accepted a directorship disqualification for seven years which the Department for Economy said was "based on the following unfit conduct which solely for the purposes of the disqualification procedure was not disputed".

For the purposes of the disqualification Savage accepted:

• Failing to maintain and/or preserve and/or deliver up proper books of account and/or accounting records.

• Failing in his duty as director of the company to prepare and file accurate annual accounts contrary to Section 396(2) and Section 393(1) of the Companies Act 2006.

• Causing and permitting the company to misuse a bank account by presenting cheques and direct debits to the bank without due regard to there being sufficient funds available to honour them.

• Causing and permitting the company to misapply funds of £3,100 by using company funds to discharge a personal debt in relation to the petition of his bankruptcy contrary to the interests of the company and its creditors.

• Failing to have due regard to the privilege of trading as a limited liability company.

Director disqualified for employing illegal workers>>

Restaurant boss banned for seven years for employing illegal workers>>

Videos from The Caterer archives

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking