The directors of My Pad Asset Management Limited, Yourpad Residential Limited, Town and Country Partnership Financial Services Limited (“T&C”) and Yourpad Milton Keynes Limited, had abandoned the companies. Hundreds of customers’ personal and financial records and house keys were found at the former trading address in Luton.
The companies were also alleged to have a lack of commercial probity, to be insolvent, not kept adequate accounting records, and to have failed to co-operate with the investigation. T&C was the only company to be defended by director, Mr David Gilmore, who said “The other companies have had complaints made against them, quite rightly” and therefore he did not contest their winding up.
Mr Gilmore, who was not present at the hearing, provided a defence to the compulsory winding up of T&C. He asserted the company had received no complaints, had a good reputation, and was a well run business. In response, Registrar Jaques, said that as the defence did not address many of the allegations, T&C was also ordered to be wound up.
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