A LEICESTERSHIRE car dealership boss has been banned from being a director for 10 years.
Kevin James Warland, 40, kept more than £170,000 from the sale of vehicles before his company – Choice Vehicles Ltd – went into voluntary liquidation owing people more than half a million pounds.
He had run the Hinckley-based business for nearly 10 years, reported the Insolvency Service – an executive agency of the Department for Business, Energy and Industrial Strategy.
Choice Vehicles Ltd was incorporated on April 28, 2005 and traded from Wharf Farm, Trinity Marina, Coventry Road, Hinckley.
An Insolvency Service investigation found that the company sold five vehicles belonging to customers under sale or return agreements but failed to pass on the money from the sales – totalling at least £174,450 – to the customers. The company went into liquidation on October 24, 2014, owing an estimated £573,502 to creditors.
The order, running from June 30, was made at the county court sitting at Coventry, pictured, and means Warland, whose last known address was given as Mansion Court, High Street, Earl Shilton, Leicester, can’t act as a director of a company, take part – directly or indirectly – in the promotion, formation or management of a company or limited liability partnership, or be a receiver of a company’s property without specific permission of a court.
Afterwards, Aldona O’Hara, investigation leader for Insolvent Investigations Midlands & West at the Insolvency Service, said: ‘The Insolvency Service will rigorously pursue company directors who deliberately breach the trust of customers. Fair treatment of customers and creditors is essential for business confidence which is, in turn, essential for economic growth.
‘This disqualification is a reminder to others tempted to do the same that the Insolvency Service will rigorously pursue enforcement action to seek and remove from them the privilege of trading with limited liability to protect the public for a lengthy period.’
Picture: Google Street View
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