Mark Ashley Robinson, director of RM Realisations 2014 Ltd, previously known as Ravenace Metals Ltd has been disqualified from acting as a director of a limited company for seven years for falsifying debtors on the company’s computerised records system.
An Insolvency Service investigation found Mr Robinson manipulated the company’s computerised records system by increasing debtors by £118,780. The assets including the debtors were then sold to a new company on 27 August 2014, where it was later discovered they did not exist.
The Secretary Of State accepted a disqualification undertaking from Mr Robinson on 3 May 2016. The disqualification, from 24 May 2016 and effective for seven years, bans him from being a company director and from being involved in the management of a limited company in any way for the duration of the ban.
Susan MacLeod, Chief Investigator of Company Investigations at the Insolvency Service said:
Directors have a duty to ensure that their companies maintain proper accounting records, even where records are held electronically. Mr Robinson’s failure to do his duty concealed the true asset position of the company from the subsequent purchaser.
The Insolvency Service will take action against directors who do not take their obligations seriously and abuse their position of trust.
Notes to editors
The last known address of Mark Ashley Robinson was in Smethwick, West Midlands his date of birth is 15 August 1978.
RM Realisations Ltd (Company number 01637169) was incorporated on 21 May 1982 as Ravenace Metals Ltd. The company changed its name to RM Realisations on 2 September 2014.
Mr Robinson was appointed as director of RM Realisations 2014 Ltd on 7 July 2014.
RM Realisations 2014 Ltd went into Administration on 27 August 2014.
A disqualification order has the effect that without specific permission of a court, a person with a disqualification cannot:
act as a director of a company
take part, directly or indirectly, in the promotion, formation or management of a company or limited liability partnership
be a receiver of a company’s property
In addition that person cannot act as an insolvency practitioner and there are many other restrictions are placed on disqualified directors by other regulations.
Disqualification undertakings are the administrative equivalent of a disqualification order but do not involve court proceedings. Further information on director disqualifications and restrictions can be found here.
The Insolvency Service administers the insolvency regime, investigating all compulsory liquidations and individual insolvencies (bankruptcies) through the Official Receiver to establish why they became insolvent. It may also use powers under the Companies Act 1985 to conduct confidential fact-finding investigations into the activities of live limited companies in the UK. In addition, the agency authorises and regulates the insolvency profession, deals with disqualification of directors in corporate failures, assesses and pays statutory entitlement to redundancy payments when an employer cannot or will not pay employees, provides banking and investment services for bankruptcy and liquidation estate funds and advises ministers and other government departments on insolvency law and practice.
Further information about the work of the Insolvency Service, and how to complain about financial misconduct, is available.
Media enquiries for this press release – 020 7674 6910 or 020 7596 6187
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