Director Disqualification Offences - repeatedly failing companies
An “honest” Phoenix Company is where a failure has happened through no fault of the management and the business had to be rescued by a successor company in the interests of the public and the creditors
A “bad” Phoenix company is characterised by intentionally dishonest behaviour and where the management are simply looking after their own interests through several continuously traded companies which repeatedly fail one after the other.
There are proposals by the Secretary of State (published in July 2013) which include a provision that directors should be disqualified on the automatic basis of repeatedly failing companies, regardless as to whether it was an “honest” or “bad” Phoenix Company. This could have important effects on directors facing director disqualification proceedings.
Contact an expert director disqualification solicitor now
Please contact one of our friendly director disqualification solicitors now for your consultation. At Francis Wilks & Jones, we have all the director experience needed to deal with any type of issue you may have. Please look at our website and the many different director disqualification examples of cases where we have successfully helped our clients with over the years.
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