10 year disqualification for man acting as director of Lincs company
A man has been found to be acting as the sales director of a Lincolnshire printing company, a breach of his bankruptcy.
Peter Henry Nicholson has given an undertaking to the Secretary of State for Business, Energy and Industrial Strategy preventing him from being directly or indirectly involved in the promotion, formation or management of a company for ten years from 20 December 2016.
A bankruptcy order had been made against Nicholson on 14 May 2012, preventing him from acting as a company director for a period of 12 months. Despite this restriction, without the leave the Court in contravention of Section 11 of the Company Directors Disqualification Act 1986, he was appointed as the sales director of Bourne-based Tandem Print Solutions (formerly Tandem Solutions Group) on 1 June 2012 and remained in post until 18 March 2014. The company went into administration on 31 July 2014.
Sue MacLeod, chief investigator at the Insolvency Service said: “The Department for Business, Energy and Industrial Strategy will continue to uphold the integrity of the insolvency regime and will not hesitate to act if a bankrupt breaches the restrictions to which he is subject. This disqualification should act as a deterrent and warning to others who might be considering such breaches.”
