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Friday 18 August 2017

Stokes brothers to be barred as directors

Aoife Finneran

RESTAURATEUR brothers Simon and Christian Stokes will be disqualified from acting as directors of companies on grounds of unfitness.

The brothers, whose Bang Cafe restaurant in Dublin was wound up with debts of €2.4m, are set to consent to orders under Section 160 of the Companies Act at a hearing fixed for January 23 next.

The application is being brought by Tom Murray, liquidator of Mayfair Properties, which ran Bang Cafe on Merrion Row in the city centre.

In March, the brothers consented to orders under Section 150 of the Companies Act, restricting them for a period of five years from acting as directors of companies unless those companies meet minimal capital requirements.

However, the liquidator then sought further orders under Section 160 of the act, which will prevent the brothers from acting as directors of any company. Yesterday, Ms Justice Mary Finlay Geoghegan was told the Stokes brothers intend to consent to those orders.

Mayfair was incorporated in 1997, began trading in 1999 and operated Bang Cafe until it was wound up in January last year.

In an affidavit, Mr Murray previously outlined several concerns about the operation of Mayfair, including outstanding payments of €477,996 to the Revenue, a history of under-declaring Revenue returns and personal use of company credit cards.

Irish Independent

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