The two directors of a debt collection company have been disqualified from acting as directors for 22 years.
Terence Michael Mellor and Ross Alan Morton were the directors of Express MS Limited, a debt collection company which had clients including Barclays Bank and BT.
However Express MS Limited, which charged clients an annual fee along with a percentage of recoveries, in several cases failed to pay over to the client recoveries made on their behalf. In addition, in at least one instance convinced a client that a recovery of £7,000 could be made even though the debtor company had entered into liquidation.
Directors are under an obligation to act with the level of care and responsibility which is required of them and if they do not, the Insolvency Service will seek to remove them from office.
The Insolvency Service has taken a dim view of the underhand practices of this firm and therefore applied to the Court for the disqualification. The company was then wound up on the grounds of public interest.
It is important for anybody facing financial difficulties, whether personally, directors of limited companies or partnerships, to seek advice from a licensed insolvency practitioner as soon as possible.
For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or to take advantage of our free consultation, please telephone Stella Flemmings on 01377 257788, 01724 230060 or 01904 520116 and she will make you an appointment with one of our insolvency professionals at our Driffield, Scunthorpe or York offices.