A director of two Blackfriars Road-based events management companies that failed with total debts estimated at around £1.2 million has given an undertaking not to hold directorships or take any part in company management for three years.
The undertaking by Nicola Clare Allison was given in respect of her conduct as a director of Fireball Live Communications Limited (FLC) and Exclusive Events Limited (EEL), which carried out business from The Foundry in Blackfriars Road.
Acceptance of the undertaking on 9 July 2004 prevents Ms Allison from being a director of a company or, in any way, whether directly or indirectly, being concerned or taking part in the promotion, formation or management of a company for three years.
Fireball Live Communications Limited was placed into voluntary liquidation on 21 August 2001 with estimated debts of £242,460 owed to creditors.
Exclusive Events Limited was placed into voluntary liquidation on 30 April 2001 with estimated debts of £1,037,415 owed to creditors.
The Insolvency Service, on behalf of the Secretary of State for Trade & Industry, has responsibility for the investigation of the conduct of directors of failed companies and for the disqualification of those who are considered unfit to be involved in the management of companies in the future.
Matters of unfit conduct, not disputed by Ms Allison were that she caused FLC to fail to make any payments to HM Inland Revenue between 30 May 2001 and 21 August 2001; caused FLC to fail to make payments to HM Customs & Excise between 19 January 2001 and 21 August 2001; caused EEL to fail to make payments as and when required to HM Customs & Excise between 1 November 2000 and 19 January 2001 and caused EEL to fail to make payments as and when required to HM Inland Revenue between 6 April 2000 and 19 January 2001.