Aidan Mark Newman, aged 47 and from Woking, was the sole director of Montrose Design & Build Limited, a company that was incorporated in February 2015 and carried out residential building work.
After only two years, Montrose Design & Build struggled to be profitable and had to cease trading before entering into creditors voluntary liquidation to wind up the company in January 2017.
Liquidators appointed to close the company then reported to the Insolvency Service that a lot of money was owed to customers because their building work had not been completed, despite having made staggered payments to Montrose Design & Build.
Further enquiries led investigators to discover that Aidan Newman contacted an insolvency practitioner in Septembe…
Read the full article at: https://www.theconstructionindex.co.uk/news/view/builder-took-money-despite-insolvency