Director banned after stealing £1.7m to fund hobby

:Lisa Crawshaw
X The Business Desk

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The director of a North Lincolnshire company has been banned for stealing from the buisness in order to fund her hobby.

Lisa Crawshaw was a director of Scunthorpe-based family haulage firm C&C Transport, from 2006 until 2020. She admitted to stealing over £1.7m from the business, using the money to buy horses and equestrian equipment.

Her fellow directors, including her brother, were completely unaware of her actions, only discovering them when the business started receiving letters from creditors when the company was sold.

At her sentencing at Grimsby Crown Court in March 2021, Crawshaw said she found buying horses “more addictive than drugs”.

The company ceased trading in October 2018 but remained live on the Companies House register until August 2020 when it went into liquidation.

The disqualification undertaking, which runs for 12 years from 29 June 2021, means she must not directly or indirectly, become involved, without the permission of the court, in the promotion, formation or management of a company.

Jo Walker, lead investigator in the case said: “Ms Crawshaw abused her position as a director of her company to commit fraud, and the length of her disqualification period should act as a deterrent to other directors who might be tempted to exploit their position in a similar way.”