A director who “repeatedly subverted the insolvency system’’ by helping owners of struggling businesses to drop debts has been banned from running companies for nine years.
Neville Taylor, 57, is listed as a director of more than 400 companies and was paid almost £270,000 by the operators of a scheme that replaced the directors of companies on the brink of failure.
The government’s Insolvency Service examined 12 companies Taylor was a director of which had ceased trading but had not entered liquidation.
In these companies, Taylor “made little or no attempt to verify information relating to their affairs, including securing records and assets, breaching his duties as a company director and subverting the insolvency system in…
