Pictured: Marios Georgallides, who ran Nozomi whereas disqualified
The boss of Knightsbridge Japanese restaurant Nozomi has been ordered to abolish 100 hours of unpaid work after he persevered to control the company whereas disqualified.
Marios Georgallides, 62, oversaw the giant title eatery shut to Harrods in central London whereas banned from appearing as the company director.
The stylish restaurant opened to remarkable fanfare in 2005 and has welcomed celebrities similar to Rihanna and Lindsey Lohan.
Georgallides was banned from appearing as an organization director for 12 years in 2016 after taking on the role whereas already disqualified, failing to pay money owed of £1.3million and abusing an organization’s banking providers.
He had already been slapped with a six-one year ban in February 2010 combating him from working the trade.
However Georgallides disregarded the uncover and persevered to designate over 1,200 cheques for Nozomi, a quantity of which bounced, in step with the Insolvency Provider.
The businessman, from Highgate in north London, has now admitted three counts of the usage of a prohibited company title and an additional depend of taking section of the promotion, formation or management of an organization whilst disqualified.
He was given a 12-month neighborhood uncover and ordered to undertake 100 hours of unpaid work at Southwark Crown Court.
An additional disqualification from serving as an organization director was handed that would also merely lope at the identical time as alongside with his contemporary one.
Prosecutor Valerie Charbit told the courtroom: ‘He extinct a prohibited company title when barred from doing so, on three cases, and … he was inquisitive about the management of an organization whilst disqualified.
‘These are all felony offences.’
In 2009, Nozomi was taken over by Eastzest – an organization Georgallides had resigned from plenty of months earlier.
Ms Charbit added: ‘Mr Georgallides extinct the company to carry out the trade of Nozomi restaurant and clearly he was prohibited from doing so.’
Georgallides owes nearly £1.5million to his collectors, including some of his bag money which he had invested within the trade.
Richard Whittam, defending, said that the ‘jingoistic press assertion’ the insolvency carrier had issued in 2015 had resulted in ‘punishing’ publicity towards his client.
‘The closing alleged offending, despite the incontrovertible fact that it had been handled within the company courtroom, is 9 years within the past,’ said Mr Whittam.
‘Greatly, no other offences had been prosecuted. No offences of fraud, no longer offences having a ingredient of dishonesty.’
The stylish restaurant opened to remarkable fanfare in 2005 and has welcomed celebrities similar to Rihanna and Lindsey Lohan through its doorways
Mr Whittam added that Georgallides had lost £70,000 of his bag money that he had invested within the companies.
His wife needed to set their north London house down as a security to pay the debt, added Mr Whittam.
The businessman who was held in ‘high regard’ in his neighborhood additionally suffered from a necessity of health disorders, said Mr Whittam.
In 2012, bailiffs became up at Georgallides’s £4million Highgate home to inquire fee for an previous due using penalty after he performed an illegal u-flip in Ponders Stop.
Retract David Tomlinson said he had stumbled on no proof Georgallides had been dishonest.
‘You isn’t any longer going to have the capability to play the role of an organization director till you are 70 years veteran no longer much less than,’ he said. ‘I bag story that you just lost money virtually about two of these companies.’
The prosecution will now disclose confiscation complaints towards him.
The Insolvency Provider said in its assertion launched in November 2015: ‘Eastzest Ltd took over the trading of the Knightsbridge Japanese restaurant, Nozomi, in July 2009 with Marcello Santese as it be handiest recorded director, Georgallides having resigned as a director in March 2009.
‘Alternatively, the overwhelming proof confirmed he remained as a lot as lope as a director throughout its trading till liquidation on 8 June 2011.
‘Mr Georgallides had previously been disqualified as a director for six years in February 2010 nonetheless retained possession through assorted family trusts and remained a signatory to the financial institution story till March 2011, when the financial institution stumbled on his disqualification.
‘All over that interval, Mr Georgallides signed over 1,200 cheques.
‘At liquidation, the company owed nearly £1.3million to HMRC when it comes to arrears of VAT, PAYE and Nationwide Insurance Contributions having handiest paid £111,500 of the debt due for the length of trading.
‘All over its trading interval, the company issued cheques and tell debit payments that had been no longer met on 1,065 cases with a total price of £1,018,068, incurring £29,700 in financial institution costs.’
Designate Bruce, Chief Investigator with the Insolvency Provider, had said: ‘Mr Georgallides effectively disregarded his first disqualification and carried on as the most foremost director of this prestigious restaurant.
‘He’ll deserve to possess realised for the length of the trial, that the load of proof was heavily towards him and threw within the towel.
‘I was inquisitive about the investigation of his old companies and Mr Georgallides has a repeated historical previous of non-fee of his assorted companies’ money owed and abuse of the banking providers.
‘He displays precisely the manufacture of behaviour that provides some administrators a depraved title and a 12 one year ban displays how serious the insolvency carrier views his angle to trade.’