Insolvency Service

Two property directors who abused millions of investor funds and a scaffolder who disposed of assets prior to bankruptcy have all been banned by the Insolvency Service.

A surveyor has been banned for five years after failing to provide adequate accounting records and not complying with tax obligations.

The UK Government has launched new legal action against eight former directors of failed contractor Carillion which could see them banned from running businesses for up to 15 years.

Property developers Richard Black, from Collessie, and William Edmiston, from Kirkcaldy, have been banned for a total of 13 years after failing to pay tax on a land deal.

HK Construction boss Hardip Singh Khaira from Coatbridge has been banned from running companies for nine years after he submitted false tax returns.

Former Muirfield Contracts chairman John Stodart has been disqualified as a director after he was found to have taken more than £880,000 from the company as it faced financial ruin. More than 280 workers lost their jobs when administrators begun an orderly wind-down of the Dundee building firm in 2

The weaker pound, Brexit and falling house prices have all had an effect on the increasing number of insolvencies in the UK construction sector, according to RSM Restructuring Advisory LLP. Corporate insolvency figures released by the Insolvency Service revealed that a total of 2,764 company failure

The director of a Glasgow contractor has been disqualified for failing to maintain and preserve adequate company records. David Simpson Duffy was the sole director of Annick Structures Ltd (ASL), which traded as a construction and civil engineering company.

The director of a Scottish freight transport firm has been banned from acting as a director for 9 years after he illegally used red diesel to fuel his fleet.

The former director of an Edinburgh-based company that supplied security personnel and CCTV facilities to the construction industry has been disqualified for 10 years. Ryan Maginess, 28, who was the sole director of Camereye Contracts Limited, has been banned from acting as a director of a limited c