A CHORLEY man has been banned from being a company director for three years after his book publishing and distributing firm crashed owing creditors more than £130,000.
The disqualification order on John Leander Booth, of Bankside, Clayton-le-Woods, was made in the Manchester County Court.
His company, Pride of Place Ltd, began trading in November, 1994, from premises at Unit 22 CBTC, Euxton Road, Chorley.
It was placed into voluntary liquidation on February 29, 1996, as a result of a resolution for voluntary winding up, owing creditors an estimated £136,314.
Mr Booth did not dispute findings by the court that he caused the company to continue trading without any reasonable prospect of paying creditors or avoiding insolvency.
It was also found that he caused Pride of Place to retain at least £11,140 for publications which he failed to ensure were supplied by the company between October, 1992, and February, 1996.
And that he caused the firm to misuse its bank account through issuing cheques when there were insufficient funds in the bank to honour them.
The court ordered that Mr Booth pay costs for the proceedings to the Secretary of State for Trade and Industry.
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