Bans for directors of failed food firm
THE former boss of a Co Fermanagh meat company that went bust owing over £2.5m has received a lengthy boardroom ban for misconduct.
Micheál Gerard Flynn (35) from Co Monaghan and his mother, also a director, were investigated by the UK's Insolvency Service after Flynn Fine Foods went out of business in 2013. Mr Flynn, from Mullitagorry in Smithboro, has been disqualified as a director for 11 years, out of a possible 15. Ann Teresa Flynn (63) of Magherarney in Smithboro was banned for four years.
In proceedings brought by Northern Ireland's Department for the Economy, Mr Flynn acknowledged misdemeanours as a director including failing to account for all assets of the company and also misappropriating and/or seeking to put assets beyond the reach of the administrators of the company.
Around 40 jobs were lost when Flynn Fine Foods in Rosslea shut down in 2013. Founded by Micheal Flynn snr in the 1970s, it went on to supply some of Ireland's top supermarkets with cooked meats, sausages, bacon and pork chops.
The company was registered at Companies House in Belfast as Empire Meats Ltd but traded as Flynn Fine Foods from Dernawilt Road and Derryvollen in Roslea. It went into administration in September 2013.
Mrs Flynn accepted instances of unfit conduct including failing to inform herself about what was going on with the company.
Mr Flynn accepted instances of unfit conduct including causing or permitting false invoices to be generated, and causing or permitting the unauthorised advance of monies from a financial provider.
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