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27/04/2007
County Antrim director agrees to disqualification
The Department of Enterprise, Trade and Investment has accepted a disqualification undertaking for seven years from Stephen Cairns, 44, of Blackthorn Drive, Newtownabbey, in respect of his conduct as a director of Cairns Office Supplies Limited.
Cairns Office Supplies Limited carried on business as a wholesale stationer and supplier of office furniture from William Sinclair House, McKinney Industrial Estate, 54 Mallusk Road, Newtownabbey and went into liquidation on 4 February 2005, with assets of £38,700 and liabilities of £704,547 and an estimated deficiency as regards creditors of £665,847. After taking into account the losses incurred by members of the company the estimated total deficiency was £755,847.
In cases where a director offers a disqualification undertaking acceptable to the Department, thus avoiding a full hearing of the matter before the court, a shorter period of disqualification than would otherwise be appropriate is normally imposed.
The Department has accepted two disqualification undertakings and the court has made one disqualification order in the financial year commencing 1 April 2007.
(JM/KMcA)
Cairns Office Supplies Limited carried on business as a wholesale stationer and supplier of office furniture from William Sinclair House, McKinney Industrial Estate, 54 Mallusk Road, Newtownabbey and went into liquidation on 4 February 2005, with assets of £38,700 and liabilities of £704,547 and an estimated deficiency as regards creditors of £665,847. After taking into account the losses incurred by members of the company the estimated total deficiency was £755,847.
In cases where a director offers a disqualification undertaking acceptable to the Department, thus avoiding a full hearing of the matter before the court, a shorter period of disqualification than would otherwise be appropriate is normally imposed.
The Department has accepted two disqualification undertakings and the court has made one disqualification order in the financial year commencing 1 April 2007.
(JM/KMcA)
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