Kealy ran the The Cardiff Restaurant Company (trading as The Old Post Office restaurant) up until 11th April 2012 when it entered liquidation. The company ran up VAT debts of £16,962 and PAYE/National Insurance Contribution debts of £11,686. Other creditors were also owed £17,695 in debt.
The Insolvency Service investigation also found evidence that Kealy had continued to trade despite knowing the company was insolvent.
Sue Macleod from the Insolvency Service said, “This is a case where the director caused the company to continue to incur liabilities so that creditors were bearing all the risk of the company’s trading, breaching his duties to both HMRC and trade creditors.”
As well as banning Kealy, the Court has ordered him to pay £4,935 in costs.