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Director gets longer disqualification and de facto director duo are discovered and disqualified

14 March 2014 12:00

Nathan David Paul O’Callaghan (“Mr O’Callaghan”), a director of Steelmen Security Ltd (“Steelmen”), has been disqualified for 11 years for acting as a director of a limited company while an un-discharged bankrupt and already subject to a disqualification order. In addition, Mr O’ Callaghan and his two co-directors have been disqualified for trading to the detriment of HM Revenue & Customs (“HMRC”).

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Changes to the fees charged by the Insolvency Service announced

13 March 2014 12:45

The Insolvency Service has announced increases to the fees paid during insolvency procedures in line with inflation, to make sure people benefiting from the process pay their fair share while protecting those who cannot pay.

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Plant-hire director gets six-year ban for disposing of assets

11 March 2014 12:05

Cardiff-based Gwenlais Yvonne Thomas, a director of Ascus Plant Ltd, has been disqualified for six-and-a-half years for selling a £74,000 concrete pump which was under a hire purchase agreement and transferring other company assets to associates, causing the company to fail.

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Caernarfon hotelier banned for three years as a director for withholding money from the taxman

07 February 2014 13:00

Angharad Anwyl, the director of Gwesty’r Castell CYF, which traded as The Castle Hotel in Caernarfon, has been banned from acting as a director for three years from 7 February 2014 for failing to pay HM Revenue and Customs (“HMRC”) and Gwynedd Council.

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GOAL! Official Receiver hits back of the net with ban for former footballers

10 December 2013 14:55

Ex-footballers Paul Sugrue, once of Manchester City, and former Wales International Mark Aizlewood have both been disqualified as company directors for six years each for failing to comply with requirements relating to the funding of sports apprenticeships, within their training company, Luis Michael Training Limited (LMT).

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Caravan dealer gets 9-year ban for misleading customers and failing to pay taxes

15 November 2013 10:30

John Cory Gould, the director of Vale of Glamorgan Caravans Ltd (“VGCL”), has been disqualified for nine years for putting customers’ funds at unreasonable risk, making false or misleading representations to them and trading to the detriment of HM Revenue & Customs (“HMRC”).

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Print companies kicked into touch by the Insolvency Service

25 September 2013 12:55

Two print companies in Cardiff, part of a group of 19 businesses controlled by the same directors, were wound-up by the High Court in Manchester in the public interest for dissolving the companies without following proper procedures.

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Insolvency Service winds up eight companies for abusing the insolvency regime

12 September 2013 12:40

Eight companies which offered misleading, inaccurate and financially damaging information to ailing businesses in England and Wales, or were guilty of serious financial irregularities relating to insolvent companies, have been wound up in the public interest by the High Court in the last six months as part of ongoing investigations by the Insolvency Service.

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Bankrupt jailed for fraudulently transferring property to his children

20 August 2013 16:15

Michael John O’Brien, a bankrupt, has been sentenced to six months’ in prison, at Cardiff Crown Court, for facilitating a fraudulent transfer of jointly-owned property in the period of five years prior to the date of his bankruptcy.

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New measures to streamline insolvency regulation announced

01 July 2013 12:20

Proposals to transfer the regulation of around 60 insolvency practitioners (IPs) from the Government to independent regulators were among a number of new measures announced today by Business Minister Jo Swinson.

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