Directors who do not run their companies properly can face disqualification. This means you will not be able to continue to be a director, nor be involved in the management or promotion of a company.
Situations where disqualification might arise include:
- allowing the company to trade recklessly
- trading while the company is insolvent
- breaches of commercial morality
- failing to keep company books and records
- paying yourself too much
The length of disqualification will depend on why you are being disqualified but can be as much as 15 years. Breaching a disqualification is a criminal offence.
Our specialists at Hart Brown have considerable experience in helping directors defend disqualification applications. We know what evidence will be needed and have on numerous occasions successfully defended disqualification application. Alternatively we have successfully argued a reduction the length of the disqualification.