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31/10/2002
High Court disqualifies two football club directors
Two directors of a Newry Football Club have been disqualified for a period of five years at the High Court in Belfast.
The High Court disqualified Trevor Denis Warde and James Coleman Rooney, both from Newry, as a result of their conduct in relation to Newry Town Football Club (1997) Limited.
The club, which began trading in or around August 1997, was wound up by the High Court on 9 March 2000 owing £68,193 to creditors.
Disqualifying Mr Warde and Mr Rooney, the Court found that they had caused the club to trade whilst insolvent from 28 February 1999 to 9 March 2000; tendered dud cheques; retained £65,157 due in taxes and contributions; and failed to prepare, produce and maintain accounts and statutory records.
On 20 June 2002 the Court disqualified Joseph Rice also from Newry for four years as a result of his conduct as a director of the same football club. This runs concurrently with a previous order which disqualified him for seven years in relation to his conduct as a director of J Rice (Contracts).
The cases were brought by the Insolvency Service of the Department of Enterprise, Trade and Investment under the Companies (NI) Order 1989 which seeks to protect the public and trading community from the abuses of the privilege conferred by limited liability status.
The Department takes disqualification proceedings against those directors of failed companies deemed to have abused the privilege of limited liability status through negligence, incompetence or lack of commercial probity.
(SP)
The High Court disqualified Trevor Denis Warde and James Coleman Rooney, both from Newry, as a result of their conduct in relation to Newry Town Football Club (1997) Limited.
The club, which began trading in or around August 1997, was wound up by the High Court on 9 March 2000 owing £68,193 to creditors.
Disqualifying Mr Warde and Mr Rooney, the Court found that they had caused the club to trade whilst insolvent from 28 February 1999 to 9 March 2000; tendered dud cheques; retained £65,157 due in taxes and contributions; and failed to prepare, produce and maintain accounts and statutory records.
On 20 June 2002 the Court disqualified Joseph Rice also from Newry for four years as a result of his conduct as a director of the same football club. This runs concurrently with a previous order which disqualified him for seven years in relation to his conduct as a director of J Rice (Contracts).
The cases were brought by the Insolvency Service of the Department of Enterprise, Trade and Investment under the Companies (NI) Order 1989 which seeks to protect the public and trading community from the abuses of the privilege conferred by limited liability status.
The Department takes disqualification proceedings against those directors of failed companies deemed to have abused the privilege of limited liability status through negligence, incompetence or lack of commercial probity.
(SP)
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