UK: Directors of two, now defunct, Northern Ireland refrigeration companies, have received lengthy boardroom bans.
In Belfast High Court, the Department of Enterprise, Trade and Investment accepted disqualification undertakings for nine years from Eamon Kelly (62) of Umgola Heights, Armagh in respect of his conduct as director of both Husky Ireland Limited and Husky Technical Services Limited. The Department also accepted disqualification undertakings for nine years from Philip Kelly (35) of Rathgannon, Warrenpoint, Newry, in respect of his conduct as director of Husky Ireland Limited and for three years from his wife Catherine Kelly (35) in respect of her conduct as director of Husky Technical Services Limited.
Husky Ireland was formed in 2006, providing sales and servicing of refrigeration equipment from premises at Loughway Business Park, Newry. The company entered liquidation at the end of June 2011 with total assets available for preferential creditors of £325 and debts of £154,967.
Amongst the disclosures, the High Court in Belfast heard that Eamon Kelly and Philip Kelly, an undischarged bankrupt, caused and permitted Husky Ireland Limited to repay Eamon Kelly’s director’s loan account of £60,000, in preference to the general body of creditors.
Eamon Kelly is also said to have caused or permitted the incorporation of Husky Technical Services Limited as a “phoenix” company so as to take over the business previously carried on by Husky Ireland Limited. Eamon Kelly and Catherine Kelly were also said to have caused or permitted Husky Technical Services Limited to transfer assets in the value of £24,000 to an associated company, in preference to other creditors.
Husky Technical Services Limited went into receivership in May 2012.