Meanwhile, Allone Landscape & Design director Cameron Griffiths received a five-year ban from managing a company.<\/p>\n
Liquidators for Allone Landscape & Design filed a serious problem report with the Ministry of Business, Innovation and Employment (MBIE) regarding the director\u2019s alleged mismanagement of the company.<\/p>\n
The liquidators said they wrote off an overdrawn shareholders\u2019 current account debt of $67,764 after attempts to pursue Griffiths went without response or payment.<\/p>\n
The company also allegedly owed $119,293.01 to Inland Revenue in preferential claims, according to a liquidator\u2019s report.<\/p>\n
Carl Reinecke, director of Berit Holdings, IPassive NZ and Redcrow Auckland, received a five-year ban.<\/p>\n
He was also a former director and shareholder of Armour.<\/p>\n
Elize Reinecke, director of Armour, was given a three-year ban.<\/p>\n
And Peter Fussell, director of No Fuss Financial Services, was handed a four-year prohibition from managing a company.<\/p>\n
The five company directors were banned under section 385 of the Companies Act 1993.<\/p>\n
Section 385 allows the Registrar of Companies to prohibit a person from being a director where they were involved in running a company that failed, and their management contributed to that failure.<\/p>\n
\u201cIt helps protect the public and creditors, reinforces appropriate standards of company management, and supports confidence in New Zealand\u2019s company regime,\u201d a Companies Office spokesperson said.<\/p>\n
MBIE has publicly banned 20 directors<\/a> through the first seven months of the year.<\/p>\n