A local Director has been disqualified in respect of her conduct as a director of a bar and restaurant.
Julianne Ferris (47) of Demesne Valley, Dromore was disqualified for nine years on September 11, in the High Court, Belfast in respect of her conduct as a director of The Halfway House.
The Department of Enterprise, Trade and Investment as previously accepted a disqualification undertaking for nine years from another director of the Company.
The Halfway House entered into administration on March 10 2010 with estimated total assets available to preferential creditors of £46,870, liabilities to preferential creditors of £4,924, liabilities to the floating charge holder of £147,123, liabilities to unsecured creditors of £687,614 and an estimated deficiency as regards creditors of £792,791.
After taking into account the losses incurred by the shareholders of the Company the estimated total deficiency was £792,793.
The matters of unfit conduct alleged by the Department in relation to Julianne Ferris in respect of her conduct as a director of the Company and accepted by the Court were:
Causing and permitting the Company to be financed by the retention of £410,906 due to the Crown consisting of £71,497 in respect of PAYE and £92,589 in respect of NIC for the years 2008/09 and 2009/10; and £246,820 in respect of VAT for the years 2007/08 to 2009/10;
Failing to file Annual Accounts for the Company; Causing and permitting the Company to fail to file Annual Returns; Failing to fully co-operate with the Administrator; Failing to act in the best interests of The Company.
The Department has accepted 32 Disqualification Undertakings and the Court has made five orders disqualifying directors in the financial year.