Page last updated at 15:19 GMT, Monday, 23 November 2009

Ban for owner of bust company

Pine table and chairs
Mr Connolly was in the furniture trade

A man whose furniture business went bust owing more than £1m to creditors has been banned from acting as a company director for eight years.

Vivion Philip Connolly of Woodford Drive in Armagh, was the owner of Connolly Fancy Goods Ltd, which traded as All Things Nice.

It went into liquidation in February 2007, but had been trading while insolvent for almost two years.

Disqualification proceedings were brought by the Department of Trade.

All Things Nice operated from the north Louth retail park in Dundalk and formerly had branches in Dungannon, Lurgan, Newry, Moy and the Boucher Road in Belfast.

When it finally went under it had estimated assets of just £6,800 and owed creditors almost £1.2m.

Those creditors included the HSBC Bank, First Trust and Ulster Bank. It also owed almost £40,000 in VAT.

An investigation by the the Official Receiver found the company had misused bank accounts and was consistently late in the filing of statutory information.

In 2007, Mr Connolly's accountant, Tracey Angove, received a suspended prison sentence for blackmail after she demanded he pay her £25,000 in return for not reporting him to the Inland Revenue and other financial institutions.

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