Loughborough director who transferred funds to Montenegro account despite owing millions to HMRC is disqualified

Bankruptcy

Paul Bresnihan was the director of CJS Engagement 2 Ltd, a payroll business.    He transferred 4.8 million Euros to a bank account in Montenegro, at a time when the company was insolvent owing HMRC more than £32million.  His seven-year director disqualification began on 27 January 2026.    A Loughborough director of a payroll company has signed a seven-year director disqualification undertaking for transferring 4.8 million Euros to a bank account in Montenegro when his insolvent…

Loughborough Director Disqualified for HMRC Debt Fraud

Bankruptcy

Paul Bresnihan was the director of CJS Engagement 2 Ltd, a payroll business.   He transferred 4.8 million Euros to a bank account in Montenegro, at a time when the company was insolvent owing HMRC more than £32million. His seven-year director disqualification began on 27 January 2026.   A Loughborough director of a payroll company has signed a seven-year director disqualification undertaking for transferring 4.8 million Euros…

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Liquidation

To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…

Australian family operator acquires Ron Crouch Transport

Liquidation

An Australian operator has come to the rescue to acquire a transport business that entered voluntary administration last year. After Ron Crouch Transport entered voluntary administration in December, the long-standing business confirmed it would be seeking a buyer. Now, family-owned Australian transport business Freight Specialists has confirmed it has entered into an agreement with administrators…

NCLAT Affirms Corporate Separateness [Read Order]

Liquidation

In a recent ruling National Company Law Tribunal (NCLAT) has held that the insolvency of Think and Learn Pvt. Ltd( TLPL) does not restrict Akash Education Services Ltd from increasing its share capital, reaffirming that a subsidiary company retains its independent corporate identity despite its holding company undergoing insolvency proceedings The appeal arose from I.A.…