Furniture director shelved with six-year ban

The director of a children’s furniture retailer has been disqualified for six years for removing £121,500 of company funds to avoid paying taxes when her business collapsed

Rebecca Dale-Essex, of London, knowingly removed the money over a 24-day period prior to the company going into liquidation. She was the sole director of Belle Maison Direct Ltd, set up in 2009, which sold children’s furniture until it went into liquidation in April 2016.

An Insolvency Service investigation found £42,000 of the amount removed came after she had informed the local council that her company had insufficient funds to make payments in respect of outstanding business rates. In total, she left creditors, including the council, out of pocket by £140,314.

Martin Gitner, deputy chief investigator of insolvent investigations, Midlands and West at the Insolvency Service, said: ‘Rebecca Dale-Essex deliberately removed significant amounts of cash from the company that was for her own benefit, leaving little, if anything, for the creditors of her company.

‘Company directors should note that the Insolvency Service will investigate and remove them from the business environment if they have acted to the detriment of the company creditors.’

Report by Pat Sweet

Pat Sweet |Reporter, Accountancy Daily [2010-2021]

Pat Sweet was the former online reporter at Accountancy Daily and contributor to the monthly Accountancy magazine, pub...

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