Two directors of a company who sold advertising space in magazines and diaries have been banned from being directors for 15 and 11 years.
The disqualifications follow an investigation by the Insolvency Service.
On 19 April 2016, the Court at Manchester District Registry made disqualification orders against Mr Mark William Taylor (49) and Mrs Kelie Ann Taylor (32), the directors of Global Media Corporation Limited (GMC) for 15 years and 11 years respectively. The effect of the orders are that Mr and Mrs Taylor cannot, except with permission of the court, be directors of a company or take part in the promotion, formation or management of a company.
GMC was wound-up by the Court on 9 January 2014 following the presentation of a petition by the Secretary of State for Business, Innovation and Skills on the grounds of public interest.
Mr Taylor was banned for 15 years after the Court found that between March 2010 and October 2013, Mr Taylor acted as a director of GMC whilst disqualified from doing so.
Between March 2010 and October 2013 Mr Taylor caused GMC to trade in a manner lacking commercial probity in that:
GMC made misleading marketing claims relating to it acting on behalf of or having an affiliation with the Police / Emergency Services
GMC provided misleading information in respect of the benefit of placing an advertisement and / or the beneficiaries of money received from advertisements
GMC failed to provide full terms and conditions to prospective customers prior to GMC advising that a contract had been formed. GMC then attempted to enforce the terms and conditions, such as charging Cancellation Charges
Mr Taylor caused or allowed GMC to neglect its obligations to HMRC by submitting incorrect VAT returns, failing to ensure that GMC accounted to HMRC for VAT charged to customers and by failing to ensure that GMC was registered for VAT for the full period that it charged VAT.
Mrs Taylor was banned for 11 years after the court found that between March 2010 and October 2013, Mrs Taylor allowed Mr Taylor, a person disqualified from acting as a director, to so act in GMC. In that:
Mrs Taylor is unable to provide information regarding key areas of GMC’s affairs
Mrs Taylor allowed Mr Taylor to exercise control over activities such as selling and finances and failed to monitor or control these activities
Mrs Taylor allowed Mr Taylor to exercise predominant influence over key strategic decisions such as the issue of preference shares and cessation of trade
Between March 2010 and October 2013 Mrs Taylor caused or allowed GMC to trade in a manner lacking commercial probity.
Mrs Taylor caused or allowed GMC to neglect its obligations to HMRC by submitting incorrect VAT returns, failing to ensure that GMC accounted to HMRC for VAT charged to customers and by failing to ensure that GMC was registered for VAT for the full period that it charged VAT.
Commenting on the disqualifications, Official Receiver Ken Beasley said:
In failing to take an active role in the company’s affairs Mrs Taylor as the sole formally appointed director, failed to discharge her responsibilities to the company, resulting in a person disqualified from acting as a director so acting in this company.
This is the second lengthy ban received by Mr Taylor in relation to his conduct as a director of limited companies and this time, he has had the maximum ban imposed.
The Insolvency Service has strong enforcement powers and we will not hesitate to use them to remove dishonest or reckless directors from the business environment as has been demonstrated in this case.
Notes to editors
Mark William Taylor is of The Wirral and his date of birth is November 1966.
Kelie Ann Taylor is of The Wirral and her date of birth is September 1983.
Global Media Corporation Limited (Company No. 07100442) was incorporated as a private company on 10 December 2009. The registered office of the company was 96 Greendale Road, Wirral, CH62 4EX the company traded from premises at Top Floor, Maple House, 3 Cleveland Street, Wirral, CH41 6ND.
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.
Contact Press Office
Media enquiries for this press release – 020 7674 6910 or 020 7596 6187
The Insolvency Service
4 Abbey Orchard Street
Media Manager 020 7596 6187
This service is for journalists only. For any other queries, please contact the Insolvency Enquiry line on 0300 678 0015.
For all media enquiries outside normal working hours, please contact the Department for Business, Energy and Industrial Strategy Press Office on 020 7215 1000.
You can also follow the Insolvency Service on:
Published: 3 August 2016
From: The Insolvency Service