Consider All Creditors Not Just Some
The report shows that the company terminated all its trade on 14th January, 2009 and voluntarily went in to liquidation a month later on 4th February, 2009 with loses of more than £1.3 million. OnTax Accountant In Dunfermline has discovered that now that the five-year disqualification has officially been handed down by the High Court in Birmingham, Roger Dyson, 62, who had been acting as the director of the company long before 14th November, 1991, would no longer be able to have any authority over the Roger Dyson (U.K.) company for at least five years.
OnTax Accountant In Dunfermline has also learned that until then he would not be permitted to act as a member of the company or be able to monitor the situation of the company. This is a stark reminder to directors that a limited company is a separate legal entity and that directors cannot raid the companies funds at will without consideration for other creditors also.