A Manchester-registered company has been shut down following an Insolvency Service investigation, which found it was providing misleading services to directors of companies in financial difficulty.
Clark Sinclair Limited’s promotional emails suggested directors could avoid reputational damage by selling their companies before liquidation. The company offered to find buyers for companies with debts, telling clients that sales could be completed within days. The shares would be sold for £1, while Clark Sinclair charged brokering fees of between £2,500 and £6,800.
Investigators identified £123,052 in customer payments, across two company accounts, and identified 51 companies which appeared to have changed ownership…