This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

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.


Print this page | E-mail this page

MOST VIEWED...


Article image Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the rubbish for general collection.Full Story...

Article image Long-term, sustainable, FM service delivery

Speaking after his company’s first six months in business, Martyn Freeman explains its focus on staff and working openly and honestly with clients.Full Story...

Pictures of the PFM Partnership Awards 25th anniversary evening

PFM Awards 2018 trophy presentations

Winners of the PFM Awards 2018

http://www.fsifm.comhttps://www.centricabusinesssolutions.com/performance?utm_source=PFM&utm_medium=Newsletter&utm_campaign=CHPhttps://www.daikinapplied.uk/service