Dale Laverick, 41, and Alessandro da Silva, 42, used funds from their business K and L Restaurants Ltd to lease an Audi and a Lamborghini, the Insolvency Services has revealed.
Both let the company, which ran the Caramba restaurants in York and Selby, to continue to trade for more than a year after it became insolvent.
During that time the company’s debts grew by more than £180,000.
Now both have been banned from being involved in the formation management or promotion of companies for five years.
Rob Clarke, Chief Investigator at the Insolvency Service, said: “Dale Laverick and Alessandro Da Silva’s actions were utterly unreasonable and unacceptable. While their company owed substantial sums to HMRC and other…