Blackpool businessman banned after taking £161,000 from company accounts

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A lack of proper books at DRJ Electrical Installations has seen its only director, Davie Robert Abbott-Hull, banned from holding such a position for four years

 

DRJ Electrical Installations Ltd was based at Winckley Court in Chapel Street, Preston, until it was dissolved last year
DRJ Electrical Installations Ltd was based at Winckley Court in Chapel Street, Preston, until it was dissolved last year (Image: Google)

A Blackpool man who headed up an electrical company has been banned from running any business after an investigation uncovered shoddy books and unaccounted for payments of more than £160,000 to himself and £125,000 to others.

Davie Robert Abbott-Hull was the only company director of Preston-based electrical company, DRJ Electrical Installations Ltd, during its seven years, before the company was officially dissolved in 2020.

But for the time the business did exist, Abbott-Hull, 39, failed to make sure it had any form of accurate accounting records.

 

When the company was liquidated in 2018, Abbott-Hull, of Tower View, Blackpool, failed to present any accurate records when required to do so.

It meant that no reasoning was ever given as to why £161,182 was transferred to him from the DRJ account between 2013 and 2018.

Likewise, The Insolvency Service said a lack of proper accounting meant it could not guarantee why payments totalling £126,732 were made to various people, with the service questioning if they represented legitimate business transactions.

A further £23,934 of transactions were made from the DRJ company account, with no evidence these were once again legitimate in nature.

Due to the lack of proper books, no evidence was available showing exactly how much VAT the business owed HMRC, with HMRC submitting a claim in liquidation totalling £33,334.

Likewise, exactly how much was owed to HMRC in income tax and subcontractor payments was left up in the air, with HMRC filing for a further £26,408 to be paid.

Ultimately, the Insolvency Service said the lack of proper accounting records meant there was no way to know ‘the cause of DRJ’s insolvency and verify the circumstances’.

As a result of Abbott-Hull’s failings as the only director of the company, he was banned for four years until 2025 from holding any such position at any other company.

The business’s final registered address was Winckley Court in Chapel Street, Preston, following years based at 77 Vicarage Lane in Blackpool. Neither address is now associated with the wound-up firm.