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FM director disqualified for 6 years after emptying company accounts

10 April 2017

A director of Full Circle Facilities Management has been prevented from occupying a similar role for six years following a hearing at the County Court at Cardiff.

Natalie Rimondi was handed the disqualification order after it was found that she had transferred funds of more than £103,000 from company accounts, while being aware it was insolvent.

Full Circle, formerly of Cwmbran, South Wales, received a County Court judgement on 1 August 2014, with HM Revenue & Customers writing on the same day to inform the business of potential winding-up proceedings.

It was stated that the company had two bank accounts, with Ms Rimondi authorising payments of £94,400 and £9,200 respectively on 4 August.

The payments were made to an associated company, leaving each account with less than £50.

A liquidator was appointed on 7 August and the court was told that Ms Rimondi's actions deprived Full Circle creditors "of funds that should have been available for the liquidator to distribute", according to The Insolvency Service.

She had served as a director of the business from April 2014, up to the time of its liquidation in September that year.

Ms Rimondi's disqualification order came into effect on 15 March this year.

In addition to being prevented from acting as a director of a company, she is also disqualified from being involved in the promotion, formation or management of a business or limited liability partnership, or being a receiver of a company's property.


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