Director Disqualification Offences - continuation of a failed business model
In order to defend such a director disqualification allegation, a director must show that the successor business had a different business model to the old company
At FWJ, we successfully acted for an individual who established 3 successive bagel chain companies in 4 years, each of which failed owing over £1 million to HMRC. However, we successfully demonstrated that each company had a very different modus operandi with genuine prospects of success at the outset of each company. The Secretary of State later discontinued director disqualification proceedings and paid our client’s costs in full.
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