Courts / Meath / Report
Court makes logistics company directors personally liable for firm's €12.4m debts
Summary
In a High Court hearing on 27 February 2023, the court ordered that Stewart Alexander and Bill Henry, directors of the insolvent Boxer Logistics Ltd, be personally liable for the company's €12.4 million debt. The judgment was granted on a joint and severable basis after liquidators Tom Murray and Tom Musiol presented evidence that the directors deliberately under‑reported the firm's income and under‑paid taxes, including corporation tax, PRSI and VAT. The company had transferred large sums out of its main account, including €1 million to Alexander's personal accounts, €250 000 to a former employee and Ms Paula Loredana Hutu (Alexander's alleged lover), and smaller amounts to a Paddy Power account. Boxer Logistics also unlawfully received €1.9 million in Covid‑support schemes. The liquidators claimed that Alexander and Henry owe the company over €6 million, but received no payment.
Who, what, where, when and why
What: Report matter: Court makes logistics company directors personally liable for firm's €12.4m debts. Procedural stage: hearing_or_decision
When:
- March 2022 Other
- 2023-02-27 Publication
Why: The company had also misrepresented its financial position to Revenue in order to benefit from the Temporary Covid-19 Wages Subsidy and the Employee Wage Subsidy Schemes, the court was told. CNI source report
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