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Disqualified Director Ordered to Pay £776,866.00


Disqualified Director Ordered to Pay £776,866.00

Disqualified company director Kevin Sharp, has had his disqualification ban extended and been ordered to pay £776,866.00 following a criminal investigation by The Insolvency Service.

The Department for Business Innovation and Skills prosecuted Sharp, who had previously been subject to a four year disqualification from acting as a company director. At the confiscation hearing held at Leeds Crown Court, Sharp pleaded guilty to three counts of acting as a shadow director of three York care homes. The presiding judge HHJ Clark made a confiscation order against Sharp of £776,866.00 to be paid within six months and if he fails to pay the order there will be a custodial sentence of four years in default.

Sharp was already disqualified contrary to section 13 of the Company Director’s Disqualification Act 1986 and had previously signed a disqualification undertaking not to act as a company director in February 2004 for four years, this was in relation to his conduct as a director of London Doors and Joinery which went into liquidation in May 2002.

Commenting on the case, deputy chief investigating officer Mike Williams from BIS, said: “The Insolvency Service and BIS will take firm action when we find that the undertakings given to protect the public and the business community have been breached.”

For further information go to:-

http://news-insolvency.bis.gov.uk/Press-Releases/Leeds-businessman-to-pay-back-770-000-and-disqualified-as-a-director-67a5e.aspx


About The Author

Mark Hodgson

Mark Hodgson is the Managing Director of Tremark Associates, one of the UK’s leading providers of investigative services. Mark has 30 years experience in private Investigations and the commercial debt recovery industries. He is Vice President of the Association of British Investigators, a member of the World Association of Detectives, The Institute of Credit Management and an associate member of R3 -The Association of Business Recovery Profession.


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