The Insolvency Service has banned a 57-year-old man as a director for nine years after he took part in a scheme to undermine the insolvency system.
Atherton Corporate paid Neville Taylor £266,914 to replace the directors of 12 companies which had ceased trading but had not entered liquidation.
Taylor, who is listed as a director of more than 400 companies, is alleged to have made no attempt to verify details of the companies’ affairs, breaching his duties as a director.
The companies had combined assets of more than £8.2m according to their final filed accounts. By the time the companies entered liquidation with Taylor at the helm, their estimated assets stood at only £676k, a decrease of more than…
