Former QMH chairman barred as director

20 July 2004
Former QMH chairman barred as director

The former chairman of hotel group Queens Moat Houses (QMH) has been barred from acting as a company director for six years.

John Bairstow was disqualified by the High Court following an investigation into QMH by the Department of Trade and Industry.

The investigation, finally published last month, followed the near-collapse of the hotel group in the early 1990s.

Shares in the company were suspended in 1993 and restated financial results showed a loss of £56.3m, against the profit of £90.4m previously announced.

Judge Sir Donald Rattee said in his judgement: "Third parties dealing with QMH, as well as its shareholders, were seriously misled by thoroughly irresponsible statements as to the company's financial position in 1991 and 1992 to which Mr Bairstow was a party.

"Although I accept that he did not inted to mislead such persons, I am satisfied that such misleading statements would not have been made had Mr Bairstow performed his duties as a director of QMH properly and conscientously."

Bairstow was refused leave to appeal.

Buy this week's Caterer magazine for more industry news and analysis

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking