Case details for Russell BLAIKIE

Name: Russell BLAIKIE

Name: THAMES PACKAGING GROUP LTD & BONDED BY BRAND LIMITED

Date of Birth: 29 / 11 / 1963

Date Order Starts: 21 / 8 / 2018

Disqualification Length: 8 Years 0 Month(s)

CRO Number: 06560867 / 09663612

Last Known Address: Auchenheath House, Auchenheath, , , LANARK, ML11 9UX

Conduct: Thames Packaging Group Limited Russell Blaikie (“Mr Blaikie”) failed to ensure that Thames Packaging Group Limited (“TPGL”) maintained, preserved and/or delivered up adequate accounting records covering the period from 21 August 2015 (the date directorship commenced), until 12 October 2015 (date of Administration). As a consequence, it has not been possible to:

  • Verify the purpose of payments from the bank account to BBB in the sum of £252,000 and receipts of £32,719 from BBB in the period 21 September 2015 to 9 October 2015, or verify whether they were utilised within the ordinary course of business.
  • Verify the purpose of cheque payments in the sum of £231,974 made from the company account which included payments in the sum of at least £85,604 to an associated company in the period 24 August 2015 to 12 October 2015 and verify whether they were utilised within the ordinary course of business.
  • Verify a payment of £10,000 to an associated company on 2 October 2015.
  • Verify the purpose of a bank payment of £50,000 to a third party made from the company bank account on 30 September 2015 or verify whether it was utilised within the ordinary course of business.
  • Establish the cause of insolvency and the reasons for a deficiency of £519,491. Bonded By Brand Limited Russell Blaikie (“Mr Blaikie”) failed to ensure that Bonded By Brand Limited (“BBB”) maintained, preserved and/or delivered up any accounting records covering the period from 30 June 2015 (date of incorporation) until 12 October 2015 (date of Administration). As a consequence, it has not been possible to:
  • Verify the purpose of payments to the director of £87,000 in the period 27 August 2015 to 12 October 2015, or verify whether they were utilised within the ordinary course of business.
  • Verify the purpose of payments to an individual of £88,000 in the period 20 August 2015 to 12 October 2015, and verify whether they were utilised within the ordinary course of business.
  • Verify the purpose of payments to a consultancy firm of £141,500 in the period 27 August 2015 to 12 October 2015, and verify whether they were utilised within the ordinary course of business.
  • Verify the purposes of payments to associated companies in the sum of £206,905 and the purpose of receipts from the same companies into the company account of £436,644.
  • Verify the cause of insolvency and the reason for the deficiency of £505,903. 

    This information is correct as at 11 / 10 / 2018



    If you believe this page contains any errors, please email civil.proceedings.team@insolvency.gsi.gov.uk with details of the error that you have found.

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