Beanscene Founder Banned From Running A Company For Six Years

A coffee shop magnate who helped launch the careers of KT Tunstall and Amy Macdonald has been banned from running a company for six years, the Daily Record reported. Beanscene founder Gordon Richardson, 48, was struck offlast week after an investigation by the government's Insolvency Service. The two-year probe was launched after Beanscene went bust in July 2008 with debts of £3.7million. Last week Richardson was censured by the Insolvency Service for his role in the collapse of the coffee chain giant. The probe found that before the f irm went bust the Scot secretly transferred £189,000 from Beanscene accounts to pay off loans to another company - money which should have gone to creditors. By law, if a company is facing bankruptcy, any money left must be used to pay back creditors and cannot be moved. After the collapse, Beanscene was bought over in October 2008 by Scottish entrepreneurs Fiona Hamilton and Alison Fielding - known as Fifi and Ally - saving 130 jobs. Richardson, from Pollokshields, Glasgow, has now been told he cannot take part in the running or formation of a company unti l September 2016. Read more.