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.”
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