Exeter accountant banned as director

Exeter accountant Bill White and his partner have been banned from acting as
company directors and insolvency practitioners, after an Insolvency Service
exposed negligent accounting and “grossly inaccurate” VAT returns in their
company records.

White and Jayne Thompson, also his business partner, were disqualified for
eight years and six years respectively.

The official receiver, acting on behalf of the Insolvency Service, found that
their company, Rosswell Associates Limited, owed debts of £213,685 when it went
into liquidation with no assets.

Disqualifications were sought as they failed to deliver company accounts to
the receiver; available records indicated at least £24,430 was owed to Rosswell
with a potential of £165,104 in un-invoiced work. Inaccurate VAT returns enabled
Rosswell to receive rebates totaling £39,940 fro HM Revenue & Customs.

“The fact that Mr White and Mrs Thompson have agreed to these
disqualification undertakings should offer the public reassurance. The
Insolvency Service has robust powers and we will not hesitate to use them to
remove dishonest, reckless and irresponsible people from the business
environment,” said assistant official receiver for Exeter James Pales.

There was also difficulty in distinguishing the trading of Rosswell with
White’s accountancy firm W White & Co, as records showed purchases from from
the firm were included in Rosswell’s VAT returns.

The disqualification undertakings were accepted on 1 September.

Related reading