The two directors of car parts company, Concorde Tyre & Exhaust Centres Limited, Adam Hughes and Andrew Wood, have both been disqualified for 13 years and 12 years respectively.
The Insolvency Service found that the pair had provided false documents to secure loans of more than £176k from an asset finance company.
In addition, they supplied false documents to secure finance against assets that the company did not own.
The pair will not be allowed to act as the director of a company, take part, directly or indirectly in the promotion, formation or management of a company or limited liability partnership or be a receiver of a company’s property.
For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or should you or your company be facing financial difficulties and you need to chat, please telephone Stella Flemmings on 01377 257788 and she will make you an appointment with one of our insolvency professionals at our Driffield, Hull, Grimsby, Scunthorpe or York offices. Our initial meetings are free and without obligation. Meetings can be held virtually or in any of our offices whilst observing the socially distancing guidelines.
Because we are an independent insolvency practice, we keep our overheads low and have put systems in place to deal with simple liquidations at an affordable price of from £1,995 + VAT + Disbursements. Our MVLs are from £995 + VAT + Disbursements