Fewer directors disqualified by DTI
Two-hundred and fifty fewer company directors were disqualified by the Department of Trade & Industry in the last year, the latest figures have shown.
Published today as part of The Companies Annual Report, it revealed that a total of 1,527 directors were disqualified in 2003/2004 compared with 1,777 the previous year, a drop of almost 15%.
In addition, the DTI’s Companies Investigation Branch completed 197 company investigations, the most common type of misconduct being fraudulent trading. This was also substantially less than the previous year when 359 companies were investigated.
However 371 companies were wound up in 2003/2004 compared with just 80 in 2002/2003.