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Insolvency Service News

Director duo tested to destruction and flushed out

John Williams, of Stirlingshire, has been disqualified for 10 years for acting as a company director of Weldtek QA Limited whilst he was disqualified and failing to make payments to HM Revenue & Customs (“HMRC”).
His wife Tracy Williams who was the sole appointed director of Weldtek QA Ltd has also been disqualified for 4 for abrogating her duties and allowing John Williams to act as a director whilst he was disqualified and whilst also allowing him to trade the company to the detriment of HMRC.

13-year disqualification for director whose company peddled unsound investment

Joseph Rowland, 36, a company director from Wickford, Essex has been disqualified from acting as a director for 13 years.
Following an investigation by the Insolvency Service, Mr Rowland gave an undertaking to the Secretary of State for Business, Innovation and Skills that he will not act as a director of a limited company until May 2029.
The investigation found that Mr Rowland had caused Vincent Clare Limited to market and sell Rare Earth Metals as an investment opportunity to members of the public on the basis that they would increase in value and be sold for a profit in the future when Mr Rowland knew, or ought to have known, that they could not. As a result members of the public have lost at least £142,931.

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