News
Former print director Bunyard faces 12-year directorship ban
Infamous print director Myles Bunyard has been disqualified from being a director for 12 years due to his conduct while at several failed print companies.
Bunyard's disqualification started on 25 June 2009 and will run to 24 June 2021.
In its misconduct details relating to the disqualification, the Insolvency Service references AB Graphics (Slough) and CLPM Dot Com, formerly known as Alliance PM.
AB Graphics went into administration on 15 February 2006, while CLPM Dot Com went into administration on 20 April 2007.
Although Bunyard was at no point a shareholder or director at CLPM Dot Com or AB Graphics, the Insolvency Service claimed that he acted as a director of the companies, despite being an undischarged bankrupt between 25 July 2006 and 25 July 2007.
There were also a number of discrepancies regarding his conduct while at the companies. According to the Insolvency Service, he failed to register for or ensure that AB Graphics paid its VAT, Pay As You Earn and National Insurance contributions.
Once the companies went into administration, Bunyard also failed to ensure that accounting records were delivered to the administrators. As a result, "the administrators have been hampered in the administration", the Insolvency Service said.
It added: "AB Graphics accounting records delivered up to the administrator showed receipts from Slough's factors of £294,198, but its records do not show how those sums were expended.
"The administrator for CLPM Dot Com has failed to verify that cash withdrawals totalling £55,060 made between 11 October 2006 and 2 March 2007 were disbursed for CLPM's business purposes."
The Insolvency Service also reported that due to Bunyard's conduct, the Redundancy Payments Department rejected claims from staff at CLPM Dot Com for redundancy, resulting in a delay in payment.
Employees fought a year-long battle to prove their claim that CLPM Dot Com had not transfered to a new company, finally being granted the payments in August last year.
Bunyard most recently was involved at failed east London printer Capital Print and Display, where he briefly appeared as a director. The company went into administration shortly afterwards, with director David Gill and members of his family forced to pay back monies owed to the company last week.
Bunyard could not be reached for comment at this time.
Comments
Moaner Lisa - 06 July 2009
So, let me get this right, someone who was banned from running a business, ran a business, money went missing, same someone got blamed and is now banned from running a business. Justice has bin done - BIG time!
Velvet Brown - 06 July 2009
And then they say that phoenixing companies is OK - or should I say pre-packaged? Where are the insolvency practitioners now?
Hugh Omee - 06 July 2009
Big deal. Unfortunately Bunyard will continue to destroy lives, he has no respect for people or the rules and regulations. Until he makes a mistake and can be proven to have broken the law, or someone who has lost everything does something to stop him, watch out. He will come out from under his rock and he will strike again. I like many others will never forget or forgive and will continue to pursue him, eventually justice will prevail and he will pay.
Edna Bag - 06 July 2009
He's a disgrace to short people everywhere
Bill Cheesman - 06 July 2009
Extracted this from the Insolvency Service website. He's laughing all the way to the bloody bank if all that can be done is to disqualify him from holding a directorship.
In particular he has been unable to:-
Verify that cash withdrawals totalling £55,060 made between 11 October 2006 and 2 March 2007 were disbursed for CLPM’s business purposes;
Verify the payees of 381 cheques totalling £245,337 and/or that the payments were made for CLPM’s business purposes;
Verify CLPM’s book debts. In particular: -
CLPM purchased the book debts of Carter Litho Limited to which a value of £233,000 was attributed;
CLPM factored its book debts with a factor, who informed the Administrator that they were to suffer a shortfall. The factor did not, despite requests from the Administrator supply a statement of account, but did supply a schedule of invoices, which totalled £414,405. That schedule does not include the debts purchased from Carter Litho Limited.
CLPM received £569,500 from the factors into its current account. The only other receipts into CLPM’s current account total £16,542;
CLPM’s VAT returns for the periods January 2007 and April 2007, being in respect of the whole period of CLPM’s known trading show sales totalling £1,446,266
tom gaughan - 06 July 2009
If he was disqualified , shouldn't he be prosicuted? Possibly go to jail for a crime ?.
No it just gets swept away
Only 2 sure things in life peolple , Death and Taxes the rest of it is what you have the neck and cheek to get away with, This guys history says he will rise again and get away with it
Mark Snee - 06 July 2009
Bill - verifying the payee of a cheque is simple. They just have to ask the bank for the information.
Many years ago, I got hold of microfiche print outs of a couple of fraudulent cheques. At that time, the banks scanned the front and back image of the cheque as it was processed.
Inky - 07 July 2009
We had the comedy photo of Gill, can't we have one of Bunyard just to warn all staff in case he walks into their company.
andy hay - 07 July 2009
[post deleted following complaint]
Cletus Van Damme - 07 July 2009
But Andy, I thought you were Myles Bunyard.
andy hay - 07 July 2009
Why would you think that??? there is about 14 inches in height difference and I have dark not blonde hair!!!!!!!.
Either take this matter seriously or don't waste peoples time,to many \(100's) people have lost there liveihoods to be taking the p........
andy hay - 07 July 2009
Inky, just e mail me
Cletus Van Damme - 07 July 2009
And he doesn't smell like vegetables.
Old Fruit - 07 July 2009
I have got to say the Hay/Bunyard arguements have kept me entertained for many a year on this site.
Terry Malone - 07 July 2009
Visual of Mr. Bunyard can be found here: [link deleted]
andy hay - 08 July 2009
Very good Terry shame they deleted it it was a masterpiece of design!!!
The difference between Robin Hood of the 14th century and the Robin Hood of today;
1/ is that one used to frequent Sherwood Forest and the other Maidenhead.
2/One took from the rich and gave to the poor,the other took from everybody rich and poor alike and kept it himself.
3/One rode a horse and the other is currently driving a Ferrari.
All answers on the back of a postcard please or e mail andy.hay@hotmail.com
Jon Davis - 08 July 2009
I have worked with myles bunyard over the years and what I understand he just trys and help companies in trouble, I know myles bunyard does not take out thousands of pounds out of the businesses, Andy Hay has also had failed companies so how can you bitch about myles ?
Cletus Van Damme - 08 July 2009
You've open up a can of worms there Jon. Be prepared for an onslaught of "are you MB" accusations from Hay!
Bill Cheesman - 08 July 2009
So are you saying the IS got it wrong? Where did all the money go then?
Don't know about the rest of the people on here, but I am open to an honest and considered response.
andy hay - 09 July 2009
Jon, [edited]. So they took nothing did they.!!!
As they say in Scotland "sharpen up Laddie"
Cletus your comments just amuse me!!!!!!!
Jon Davis - 09 July 2009
Andy so much did you take out then ???
Well I'm sure Bunyard will have to get a job now.
andy hay - 09 July 2009
Jon,
I was owed 4 months wages, all my expenses,non payment of rent at Chessington lost me my maisonette in Worcester Park.And all the PGs they took over came back to me and bankrupted me costing me my marriage.
Happy now Jon
Jon Davis - 09 July 2009
Oh well you live and learn
26 Lead soldiers - 09 July 2009
What a reply
andy hay - 09 July 2009
And Jon, I lent Multiplex A large lump of money and took title on some kit, less than a week later they financed said kit with Surrey asset who took title to goods.
Any comment to make Cletus........
Terry Malone - 09 July 2009
I hope you are reading this Myles Bunyard - or anyone within your entourage [edited]. Remember me? I'm Terry Malone. I was a colleague of Andy Hay... \(Well nobody's perfect) - Mr. Andy Hay and myself worked closely together at A&A and subsequently Multiplex Techniques, we did our utmost to keep the company going. However, [edited] I had the unfortunate experience of witnessing great distress and despair amongst many of our fellow-workers. The staff had not received salaries for almost 4 months - Read this carefully Bunyard... - The consequences for some people \(the staff) were life-changing and disastrous, foreclosures on their mortgages - losing their houses/flats, causing marital problems, and for some they were unable to pay school-fees and university fees/digs for their siblings... Absolutely tragic and life changing for those \(what you may consider ordinary) hard-working god-fearing people! [edited]
andy hay - 10 July 2009
Well said Terrybut I feel I must make 2 points.
1/You didn't mention Your e mail address how can people give you any comments\(and I hope they do) without it?
2/ [edited]
Good to make touch with you and please send me your e mail address!!!
Terry Malone - 10 July 2009
Andy - Just double-click on my name \(in blue) preceding my comment - this will guide to the Printweek e-mail contacting service - under OPTIONS.
andy hay - 10 July 2009
Cheers Terry and good luck can you send me a copy of that link that was deleted.
Terry Malone - 10 July 2009
Andy> [edited]
I need your e-mail address to send it directly.Hmmm.
andy hay - 10 July 2009
[post deleted following complaint]
Cletus Van Damme - 10 July 2009
I give it an hour before that gets removed Andy.
andy hay - 10 July 2009
I know what you are thinking but Printweek is a fair institute and the truth has been written and not rudely
Regards to you Cletus
Colin Sullivan - 22 December 2009
I would very much like to hear from anyone who has had dealings with Miles Bunyard \(another snake?) - I can be contacted at "managingpartners@aol.com" Colin
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