Natalie Rimondi, director of Full Circle Facilities Management Limited, has been disqualified from acting as a company director for 6 years after transferring company funds of £103,600 to an associated company when she was aware the company was insolvent.

On 1 August 2014, a County Court Judgement was made against the company, and on the same day HM Revenue & Customs wrote to warn the company of potential winding-up proceedings.

Full Circle operated two bank accounts. On 4 August 2014 Natalie Rimondi authorised payments from each of these accounts, for £94,400 and £9,200, to an associated company. Following these payments there was less than £50 left in each of the accounts.

Three days later, on 7 August 2014, the company formally appointed a liquidator. In taking this action, Natalie Rimondi deprived Full Circle’s creditors of funds that should have been available for the Liquidator to distribute.

Full Circle entered liquidation on 3 September 2014 owing £236,871 to creditors.

Commenting on the disqualification, Sue Macleod, Chief Investigator at the Insolvency Service, said:

By 4 August 2014, Natalie Rimondi was aware that insolvency proceedings were inevitable. In transferring the majority of the company’s funds to an associated company she deliberately put these monies out of the reach of creditors.

Her disqualification will prevent a repeat occurrence of this and act as a deterrent to any other directors who are thinking of putting their own interests before that of their company’s creditors.

Notes to editors

Full Circle Facilities Management Limited was incorporated on 22 March 2013 and traded from Full Circle House, Lakeside, Llantarnam Business Park, Cwmbran, South Wales NP44 3XS.

Natalie Rimondi was appointed as a director from 15 April 2014 to 3 September 2014, the date of liquidation.

Natalie Rimondi is of Newport and her date of birth is January 1984.

On 28 February 2017 Deputy District Judge T D C Jowett sitting at the County Court at Cardiff ordered that Natalie Rimondi should be disqualified from acting as a director for 6 years from 15 March 2017.

A disqualification order has the effect that without specific permission of a court, a person with a disqualification cannot:

• act as a director of a company
• take part, directly or indirectly, in the promotion, formation or management of a company or limited liability partnership
• be a receiver of a company’s property

Persons subject to a disqualification order are bound by a range of other restrictions.

Further information about the work of the Insolvency Service, and how to complain about financial misconduct, is available.

You can also follow the Insolvency Service on:

The Civil Nuclear Constabulary (CNC) CEO/Chief Constable appointment usually runs for a five year term and Mike’s contract was due to finish in September 2017; however, due to the ongoing Infrastructure Policing programme and several other large projects that are close to fruition, his contract has now been extended until September 2019.

The Civil Nuclear Police Authority (CNPA) Senior Appointments Committee had recommended to the Authority that the CEO be offered a continuation of contract for a further two years. The recommendation was endorsed by the Authority and approved by the Department for Business, Energy and Industrial Strategy Minister, Jesse Norman, MP.

Vic Emery, CNPA Chairman, said: “I am very pleased that Mike has agreed to be the CNC’s CEO/Chief Constable for these extra two years and look forward to continuing to work with him. I am sure my colleagues are as pleased about the extension as I am.”

Chief Constable Mike Griffiths said: “The CNC has risen to every challenge it has had given to it, growing in size, capability and operational credibility. It has been a great privilege to be part of that success and I am delighted to have two more years at the CNC as we look to consolidate our gains and plan for the future.”

Mike joined the CNC as Chief Constable in October 2012 after a career in the army spanning more than 30 years. As CEO/Chief Constable, he is responsible for the operational performance of the CNC and for improving, developing and maintaining effective strategic partnerships with the CNPA, site license companies, the Office for Nuclear Regulation (Civil Nuclear Security), Home Office and Police Scotland forces and the Ministry of Defence Police. He is also the Accounting Officer for the Civil Nuclear Police Authority and the CNC, ensuring demonstrable financial efficiency and effectiveness.

Mr Khan was the director of Colne Valley Restaurant Limited, which traded as Colne Valley Indian Restaurant in Earls Colne, Colchester.

He has been disqualified from acting as a company director for 8 years after an investigation by the Insolvency Service found he had employed an illegal worker, understated profits for tax purposes, and failed in his duty to ensure the company either maintained or preserved adequate accounting records.

Mr Khan’s disqualification from 11 April 2017 means that he cannot promote, manage or be a director of a limited company until 2025.

Prior to the cessation of its trading in February 2014, officers from HM Revenue & Customs (HMRC) had visited the premises and discovered that some of the restaurant takings were excluded from its takings records. Further investigations undertaken by HMRC also found that some of the restaurant’s sales had been underpriced, while some ingredients had been overpriced, leading to understatements of profits for Corporation Tax purposes.

Officers from Home Office Immigration Enforcement (HOIE) also visited the restaurant premises on 4 October 2013 when the company was found to be employing an illegal worker. Mr Khan was as a result served with a Notification of Liability for a Civil Penalty of £5,000. The fine was not paid and Mr Khan took steps to place the company into Creditors Voluntary Liquidation, which took place on 19 May 2015.

Robert Clarke, Head of Insolvent Investigations North at the Insolvency Service, said:

The Insolvency Service rigorously pursues directors who fail to deal properly with a company’s taxation affairs and to pay fines imposed for breaking employment and immigration laws. We have worked closely in this case with our colleagues at HM Revenue & Customs and the Home Office to achieve this disqualification.

The director sought unfair advantages over his competitors by failing to ensure that profits were properly recorded and by employing individuals who did not have the right to work in the UK, in breach of his duties as a director.

The public has a right to expect that those who break the law will face the consequences. Running a limited company means you have statutory protections as well as obligations.

If you fail to comply with your obligations, then the Insolvency Service will investigate you.

Notes to editors

Colne Valley Restaurant Limited (CRO No. 06527924) was incorporated in 2008. The company’s trading address was 110 High Street, Earls Colne, Colchester, Essex, CO6 2QX.

Colne Valley Restaurant Limited entered liquidation on 19 May 2015 with no assets and liabilities of £38,514. Moulana Mohammed Abdul Goffar Khan is from Halstead and his date of birth is June 1973.

The disqualification undertaking was accepted by the Secretary of State on 21 March 2017 and will come into force on 11 April 2017.

A disqualification order has the effect that without specific permission of a court, a person with a disqualification cannot:

1. act as a director of a company
2. take part, directly or indirectly, in the promotion, formation or management of a company or limited liability partnership
3. be a receiver of a company’s property

Disqualification undertakings are the administrative equivalent of a disqualification order but do not involve court proceedings.

Persons subject to a disqualification order are bound by a range of other restrictions.

Further information about the work of the Insolvency Service, and how to complain about financial misconduct, is available.

You can also follow the Insolvency Service on: