The boss of more than 400 firms has been banned from being a company director after playing a key role in a scheme designed to undermine the UK insolvency system.
Neville Taylor, 57, was paid by a corporate rescue firm to become the sole director of 12 companies which had ceased trading but not yet entered liquidation.
The Insolvency Service, a government agency, said that when the firms eventually entered liquidation, more than £7.6m in assets was unaccounted for.
Dave Magrath, director of investigation and enforcement services, said Taylor, from Kington, Herefordshire, accepted his role in “a scheme designed to subvert and undermine insolvency legislation”.
When Taylor, who had correspondence addresses in Telford, Wakefield and…
