David Stuart, an engineering boss from Aberdeen, has had his disqualification increased by the court after he was found running a company after his first disqualification.
David Stuart was the sole director of Nabscaff Limited (Nabscaff) and received a six-year ban following the liquidation of the company after he failed to keep books and records. Despite his disqualification, Stuart started a new company, Tern Engineering Services Limited (TES) which provided engineering services to the oil and gas industry.
TES’s was wound-up in September 2016 and the Insolvency Service started an investigation and found that:
- TES’s account records showed that during March and April 2016 the company’s bank account received £34,770, of which £6,000 was taken by David Stuart, £9,300 was used to pay his personal gambling accounts and £17,010 was paid to unknown payees. None of this money was paid to HMRC even though they were the biggest creditor to both Nabscaff and TES’s.
- HMRC were owed £57,487 by TES’s and £115,472 by the previous company Nabscaff.
David Stuart did not attend court for the disqualification proceedings despite the fact that he was fully aware of his disqualification. On 2 August 2018 the sheriff granted a disqualification order against Stuart for 11 years, again, he did not attend.
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