This warning comes from Mike Pavitt, council member for the Southern and Thames Valley region of R3, the UK’s insolvency and restructuring trade body.
Mr Pavitt said: “COVID-related loan repayment difficulties have not gone away, especially with new tax burdens anticipated in the spring, and nor, it seems, has the Insolvency Service’s appetite for pursuing director disqualifications linked to them.
“My main fear for directors who have just been doing their best to service legacy COVID-related debts in difficult circumstances is that they fail to seek the right advice early enough and sleepwalk into a disqualification.”
The Insolvency Service’s latest figures reveal that in 2023/24, 68 per cent of director…
