Guy Powis of West Perth, WA, has been disqualified from managing companies for five years for his involvement in failed companies.
Between 2013 and 2018, Mr Powis was a director of four construction and labour hire companies that failed:
Australian Recruiting Labour Force Pty Ltd (ACN 600 568 590) (ARLF);
ACN 613 069 392 382 Pty Ltd (ACN 613 069 382 – previously Podium Technology Services Pty Ltd (PTS);
ARLF Labour Pty Ltd (ACN 603 049 770) (ALBR); and
Blue Pacific Realty Pty Ltd (ACN 24 612 755) (BPR).
In addition to ARLF, PTS, ALBR and BPR, Mr Powis was involved in a further seven failed companies operating in Perth, Brisbane and Sydney between 2009 and 2014.
In making its decision, ASIC found that Mr Powis:
failed to exercise his duties as a director with due care and diligence in respect of ARLF and PTS;
failed to ensure that ARLF maintained adequate books and records;
failed to ensure that PTS sufficiently charges fees for its services to meet its tax obligations;
failed to prevent PTS from incurring debts totalling just over $500,000 when it was, and ought to have been known to be insolvent; and
was also a director of eight other companies that were wound up and had a report lodged under s533(1) between 2010 and 2013. Of these eight companies, Mr Powis had been a director of four for less than one month, and three for less than 12 months.
At the time of ASIC’s decision, the 11 companies owed creditors more than $4.6 million.
