Nightclub boss banned for failing to keep accounting records
29 Nov 2018
An Edinburgh nightclub boss has been banned for six years after failing to ensure the company kept proper accounting books and records
29 Nov 2018
Brian Chalmers, was the sole director of Scene Live Ltd. The company was incorporated in 2014 and operated the Citrus Club in Grindlay Street, Edinburgh.
However, only three years later Scene Live was ordered into compulsory liquidation in August 2017 after it failed to pay tax.
The court-ordered closure triggered an Insolvency Service investigation. This found Chalmers had failed to ensure the company maintained adequate accounting records, did not ensure Scene Live filed accounts at Companies House and also failed to deliver records to the liquidator.
In addition, the investigation uncovered that Scene Live made payments to a third party worth just over £180,000, with Chalmers unable to provide an adequate explanation or accounting records to demonstrate what they were for.
Rob Clarke, chief investigator insolvent investigations, of the Insolvency Service, said: ‘Companies are under a legal duty to account for their income and expenditure and fulfilling that duty is a key component of the role of a director.
‘There is no place in the corporate arena for those who neglect their responsibilities in this area, a fact which is reflected in Brian Chalmers’ lengthy ban.’
Report by Pat Sweet