| Two screen and banner printing companies that left a trail of debt have been closed down in the High Court, following an investigation by Companies Investigation Branch of the Insolvency Service.
EP Digital and Screen Limited ("EP") based in Yeovil closed with debts of £350,000 after the company failed to pay money owed to its creditors.
Print 88 Limited ("Print 88") succeeded EP Digital and continued in the same trading pattern, by failing to pay over employee PAYE and national insurance contribution liabilities and attempting to evade other accruing liabilities. The CIB investigation revealed that both companies were under the control of a disqualified director Jane Catherine Bernadette James, also known as Jane Goodfellow. Ms James had a history of involvement in a string of failed screen-printing companies over the past 15 years.
The registered office of EP is at 60 - 62 Old London Road, Kingston upon Thames, KT2 6QZ and that of Print 88 is The Official Receiver, Public Interest Unit, The Insolvency Service, 21 Bloomsbury Street, London, WC1B 3SS. EP Digital and Screen Limited ("EP") traded from factory premises at Cadbury Business Park, Sparkford, nr Yeovil. Print 88 moved to Pen Mill Trading Estate, Yeovil following eviction from its Sparkford premises.
The petition to wind up the companies in the public interest was presented on 19 December 2006 under the provisions of Section 124A of the Insolvency Act 1986 following an investigation conducted under Section 447 and 453A of the Companies Act 1985 by Companies Investigation Branch of the Insolvency Service. The Official Receiver was appointed provisional liquidator of the companies on that day. The petitions were heard on 28 February 2007, at which time the companies were wound up.
The Insolvency Service administers the insolvency regime, investigating all compulsory liquidations and individual insolvencies (bankruptcies) through the Official Receiver to establish why they become insolvent.
The Insolvency Service carries out confidential enquiries on behalf of the Secretary of State for Trade and Industry, through Companies Investigation Branch. The Service also authorises and regulates the insolvency profession; deals with disqualification of directors in corporate failures; assesses and pays statutory entitlement to redundancy payments when an employer cannot or will not pay employees; provides banking and investment services for bankruptcy and liquidation estate funds; and advises ministers and other government departments on insolvency law and practice. |