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Client | Director Disqualifications & Re-use of a Prohibited Company Name
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The threat of disqualification can be daunting. We’ll help you state your position in respect of claims made against you as a director.
What is Director Disqualification?
Director disqualification is a process by which an individual can be banned (‘disqualified’) from being a company director if they don’t meet their legal responsibilities.
What are the grounds for Director Disqualification?
Examples of ‘unfit conduct’ by a director which might lead to disqualification include allowing a company to continue trading when it can’t pay its debts, not keeping proper company accounting records and using company money or assets for personal benefit.
How long can a director be disqualified for?
Up to 15 years. During the period of disqualification, the individual can’t be a director of any UK company.
Can an individual avoid Director Disqualification?
Yes. But taking legal advice as early as possible is key. If the Insolvency Service starts an investigation, good advice can help reduce the likelihood of the matter being taken to Court.
What is a Compensation Order?
Compensation orders aim to make directors financially account for the consequences of their unfit conduct.
How we can help
We advise on all aspects of director disqualification, including seeking to avoid court action altogether or, if proceedings are brought, defending the claim at Court. We also advise on compensation orders and on the giving of undertakings. By seeking legal advice early on we aim to improve your position.
If you would like further information in respect of this specialism please contact us or call 0113 266 0735.
We are approachable and care about you and your business.
We want to be the first port of call for all of your legal enquiries to ensure that any legal issues you have are dealt with promptly.
For further assistance please contact our office for an initial free chat.