A director of a travel agency business that failed with debts of more
than £1,608,000 has been disqualified from acting as a company
director for 10 years.
Ghani Ahsan, of North Hyde Lane, Hounslow, Middlesex, was a director
of Nairn Tours Limited trading as Holiday Village, which
carried on business from premises at Highfield Road, Blackpool,
Nairn was placed into voluntary liquidation on 2 September 2002 with
estimated debts of £1,588,412 owed to its creditors.
The Disqualification Order, prevents Ghani Ahsan from being a
director of a company or, in any way, whether directly or indirectly,
being concerned in or taking part in the promotion, formation or
management of a limited company for the above period.
The Insolvency Service, on behalf of the Secretary of State for Trade
& Industry, has responsibility (under Section (6) of the Company
Directors Disqualification Act 1986) for the investigation of the
conduct of directors of failed companies and for the disqualification
of those who are considered to be unfit to be involved in the
management of companies in the future.
Matters of unfit conduct, found by the court, not disputed by Ghani
Ahsan: As a result of his failure to maintain, preserve or deliver up
adequate accounting records to the liquidator, the liquidator has
been unable to satisfy himself that transactions and cash withdrawals
totalling £1,049,908 have been applied for the benefit of Nairn.
Also, the liquidator has been unable to establish how customer
deposits and payments totalling £1,329,376 have been applied. In the
circumstances, he is unable to determine the reasons for the
deficiency to creditors in the liquidation and in particular the loss
of £1,329,376 suffered by ABTA and Natwest Streamline.