Name: Christopher STEELE

Name: STL KITCHENS LTD

Date of Birth: 3 / 3 / 1980

Date Order Starts: 17 / 11 / 2022

Disqualification Length: 6 Years 0 Month(s)

CRO Number: SC644699

Last Known Address: The Refectory Hannah Wynd ,, , , , AYR,, KA6 5HB

Conduct: Mr Christopher Steele (“Mr Steele”) failed to ensure that STL Kitchens Limited (“STLKL”) maintained and/or preserved accounting records which were adequate to explain the trading and financial position of STLKL between 31 January 2020 and Liquidation or in the alternative following the Liquidator’s appointment on 2 December 2021, failed to deliver up adequate accounting records. As a consequence it has not been possible to account for the following: a) The position regarding the company’s income: Company bank statements for the period 31 January 2020 to 2 December 2021 reveal income in the sum of £2,290,332 including £589,546 paid by HMRC Job Retention Scheme and £50,000 in a Bounce Back Loan. In the absence of company accounting records it is not possible to determine if these amounts are a true reflection achieved during the period of trading. b) The position regarding the company’s expenditure: Company bank statements for the period 31 January 2020 to 2 December 2021 reveal expenditure in the sum of £2,290,332 of which £167,207 was paid to unknown third parties. In the absence of company accounting records it is not possible to determine if these amounts were expended for the benefit of the company. On 14 May 2020 the company received a Bounce Back Loan (“BBL”) in the sum of £50,000 which increased the bank balance to £78,289. Between 14 May 2020 and liquidation £167,207 was paid to unknown parties. In the absence of accounting records it is not possible to determine if the BBL funds were used for the economic benefit of the company. c) The position regarding the company assets: The company failed to file accounts to 31 October 2020, due by 17 October 2021. In the absence of the company accounting records it is not possible to determine the company asset position at liquidation and whether any assets were disposed of for the benefit of the company. The inability to verify/substantiate the level of remuneration paid to the director and the amounts owed to, or owed by, the director in respect of any director’s loan account. 

This information is correct as at 27 / 10 / 2022

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