A business boss from Bury has been disqualified from being a director after the taxman was left unsure about the exact amount of money coming in and out of the firm he worked for, The Insolvency Service has reported.

Vezubuhle Ndlovu failed to ensure that from incorporation on May 2, 2017 to its liquidation on December 18, 2019, VN Electrics Ltd (VNE) "maintained and/or preserved adequate accounting records, or in the alternative, he failed to deliver up to the liquidator such records as were maintained and/or preserved".

As a result, it has not been possible to "deduce, without adequate sales or banking records whether sales amounting to £1,098,766 declared on VAT returns for the periods ending August 31, 2017 to February 18, 2019 represented the true level of VNE’s trading income".

It also also not been possible to "deduce without adequate purchase or banking records, whether purchases amounting to £1,091,758 declared on VAT returns" for the same period of time "represented the true level of VNE’s expenditure, or whether any or all such purchases were for VNE’s benefit".

HM Revenue and Customs (HMRC) said it could also not "verify if VNE owned any assets at any time between incorporation and liquidation, and if it did what happened to them".

On April 23, 2019, HMRC requested documents to support the VAT returns submitted by VNE.

"VNE failed to provide any records in support and as a result HMRC disallowed VNE’s input tax resulting in a liability of £221,620, which remains outstanding at liquidation", The Insolvency Service said.

Ndlovu, 38, of Spinney Drive, Bury, has been disqualified from being a director for seven years.