Fewer directors disqualified

Fewer directors disqualified

The new Companies Annual Report for 2002/2003 published today has revealed that fewer company directors were disqualified then in 2001/2002.

Link: Director disqualified over unpaid VAT

The latest figures revealed that 1,777 directors were disqualified in the 2002/2003 down from 1,929 in the previous year. Of this latest total, 1,275 were disqualification undertakings, 319 were the result of proceedings taken against unfit directors and 166 were in association with civil and criminal prosecutions.

It also revealed that 359 company investigations were undertaken during the year, with the most common alleged misconduct being fraudulent trading. Eighty companies were wound up by the court, following representations made by the DTI.

In 2001, the DTI set up a hotline to help nab dodgy directors with the public’s help.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource