Liberty Joseph Durant (70), Joseph Price (54) and David Alan Borland (66) appeared at Lincoln Crown Court on 12 November 2018 where in addition to the director disqualifications, they received suspended prison sentences.
The court heard that Classic Caravans Limited, based in Sleaford, Lincolnshire, was incorporated in November 2008, where it manufactured and serviced caravans.
Joseph Price became the sole director in December 2010 but only four years after first being incorporated, the company ceased trading at the beginning of October 2012 with debts of close to 220,000, triggering an insolvency process to close down the business.
Classic Caravans nominal work in progress was transferred to a new company, Carlight Trailers Limited,…
Read the full article at: https://www.gov.uk/government/news/bosses-banned-for-removing-700k-from-failed-caravan-company