ODCE disqualifies 8 company directors in Ireland after examination of liquidators' reports

83 company directors were restricted and 8 were disqualified following an examination of reports submitted by liquidators of insolvent companies last year.
ODCE disqualifies 8 company directors in Ireland after examination of liquidators' reports

72 incidents were reported where companies failed to comply with accounting practises.
72 incidents were reported where companies failed to comply with accounting practises.

83 company directors were restricted and 8 were disqualified following an examination of reports submitted by liquidators of insolvent companies last year.

The Office of the Director for Corporate Enforcement (ODCE) says 31 people were found to be acting as company directors in 2019 despite being either disqualified or restricted from doing so.

Its annual report shows there were 72 instances where companies failed to comply with accounting standards.

This is more than twice the number reported the previous year.

The ODCE also found directors’ loan infringements in 23 cases in 2019 totaling an approximate value of €27.2m compared to 18 cases valued at €6.1m in 2018.

The ODCE received 254 complaints from members of the public with most relating to allegations of reckless trading and the conduct of directors.

1008612[/raedmore]

More in this section

FILE PHOTO The Competition and Consumer Protection Commission has cleared the purchase of Goodbody Stockbrokers by AIB END Goodbody Stockbrokers fined over €1.2m by Central Bank over rules breaches
Nottingham City Centre Stock Irish staff at the Body Shop wait for wages as retailer shuts stores in the Republic
Ryanair comments on Norwegian Ryanair boss O'Leary's spat with Transport Minister over Dublin Airport escalates
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited