Shut down of Four companies linked to scheme aiding directors to walk away from debts

Wound-up in the public interest following Insolvency Service investigations Four companies have been shut down after investigations revealed they were connected to a scheme which helped directors sell struggling businesses for £1 while keeping assets and dropping debts The scheme’s operators failed to preserve accounting records or assess what had happened to the more than … Continue reading Shut down of Four companies linked to scheme aiding directors to walk away from debts →

Director of failed Apprenticeships training provider banned

London-based director of apprenticeships training provider failed to explain spending that included more than £2.5 million of public funding Shakar Habib, 28 (born May 1995) from Newham, London, was the sole director of Vista Training Solutions Limited (company number 07891810 - based in Newham, which provided training to students through enterprise schemes. Habib had been … Continue reading Director of failed Apprenticeships training provider banned →

Crackdown on directors who dissolve companies to evade debts

Rogue directors who dissolve companies and avoid paying liabilities to staff, creditors and the taxpayer can now be disqualified from being a director. The Insolvency Service has new powers to tackle unfit directors who dissolve companies to avoid paying liabilities. The Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act helps tackle directors dissolving companies to … Continue reading Crackdown on directors who dissolve companies to evade debts →