The director of a construction firm from Scotland has been disqualified for seven years from running companies after failing to provide accounts and explain how £700,000 had been spent.

Christina Tasca was director of plastering and rendering business, Angel Tas Ltd, based in Arbroath. According to the Insolvency Service, the missing records could have been a “cloak for impropriety”.


Angel Tas provided services in the residential sector and was incorporated in 2017 – it has now been dissolved. The business began to miss compulsory tax payments early in 2019 and HMRC petitioned to wind the company up and it went into liquidation in December.

Failure to Explain Receipts of Nearly 700,000 to HMRC

The Insolvency Service said Tasca had failed to hand over any company accounts or records despite repeated requests from the liquidator. It said: “This meant the liquidator was unable to establish the purpose of more than £716,000 worth of expenditure, including cash withdrawals of £16,000 from the company’s bank. The liquidators were also unable to confirm whether the receipts of nearly £700,000 were a true representation of all the company’s sales.”

The case was heard in Forfar Sheriff Court in July following an investigation by the Insolvency Service and a ban was subsequently imposed on Tasca. This prevents her from becoming involved in the operation of a company without the permission of the court. The Insolvency Services said that the ban should act as a warning to other directors to ensure all business records are properly accounted for.