A construction company chief who failed to explain to tax chiefs more than £ 700,000 in expenses has been banned from running businesses.
Cristina Angelica Tasca, 27, has been disqualified from being a director for seven years after failing to present corporate accounts in the liquidation of Arbroath plastering and rendering company Angel Tas Limited.
The bankruptcy investigators said the missing records meant they could not determine whether Tasca had used missing records as a “cover for inappropriateness” or acted correctly.
Angel Tas, which provides residential construction services, was founded in October 2017 and Tasca was named director, but the company started missing out on mandatory tax payments in 2019.
Tax authorities petitioned the courts to wind up the company and it was put into liquidation in December 2019 after Tasca failed to respond to repeated requests for payment.
The bankruptcy service said that Tasca did not hand over company accounts or records despite repeated requests from the bankruptcy administrator.
It said: “This meant the bankruptcy administrator was unable to determine the purpose of any expenditure in excess of £ 716,000, including cash withdrawals of £ 16,000 from the company’s bank.
“The liquidators were also unable to confirm that the nearly £ 700,000 revenue reflects the company’s total sales.”
The case came to the Forfar Sheriff’s Court in July after an investigation by the bankruptcy authorities and a ban was placed on Tasca preventing them from operating a business without the court’s permission.
Rob Clarke, chief investigator for the bankruptcy service, said the ban would act as a warning to other directors to ensure that all business records are considered.
He said: “It is a duty of all directors to ensure that their companies keep proper accounting records. This also includes the handover to the incumbent in the event of bankruptcy.
“Since she does not consider all of Angel Tas’ transactions, it is impossible to determine whether Cristina Tasca has properly performed her duties or is using missing documentation as a cover for inappropriateness.”
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