A company director who “repeatedly subverted the insolvency system” by facilitating debt-dumping arrangements for struggling businesses has been banned from running firms for nine years, following a government investigation.
Neville Taylor, 57, served as a director of more than 400 companies and received close to £270,000 from Atherton Corporate, operators of a scheme that took over control of companies teetering on the brink of collapse. Instead of entering insolvency, these businesses were allowed to cease trading without properly settling their debts.
The Insolvency Service uncovered serious failings in 12 of the companies in which Taylor was installed as director. In each case, investigators concluded that Taylor “made…
