Ex-ICAEW councillor in disciplinary move
A former ICAEW council member has appeared in front of a disciplinary tribunal after being banned from acting as a director last October.
Gaynor Harris, who was a council member from 1982 to 1991, was disqualified from being a director for 12 years after the company of which she was a director was wound up in 1999.
She was disqualified under section 6 of the Company Directors Disqualification Act 1986 for causing the company to trade while insolvent.
Under the institute’s bye-laws, any member who has been disqualified is referred to a disciplinary committee.
Last week, the institute revealed Harris’ husband and fellow director Charles Bullworthy, who had also been disqualified as a director for five years last October, had been severely reprimanded, fined £500 and ordered to pay £1,000 costs.
The committee heard that Bulworthy, of Hallands, Mead End Road, Sway, Lymington Hants, had caused his company ‘to trade whilst insolvent to the detriment of Crown creditors in particular HM Customs & Excise, and the Inland Revenue in respect of PAYE and national insurance contributions? of at least £118,565’.
In commenting on the case, the committee said: ‘As a chartered accountant he failed in his responsibilities.? The report also said: ‘He should have known the extent of the company’s deficiency and of the losses being incurred even though he placed reliance on his co-director.’
The result of Harris’ tribunal will be published by the institute at the beginning of October.
Harris was unavailable for comment and Bulworthy said he had nothing to add when contacted by Accountancy Age.