The directors of a hairdresser-turned-insolvency practice have been banned from managing a company for 10 years, for failing to ensure their business acted in a competent manner.
According to the Insolvency Service, Baker Donald was set up as a hairdresser in November 2011, but just over a year later started trading as an insolvency practice, providing corporate insolvency advice and referring clients to a firm of insolvency practitioners.
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Lee Pitchford and Jason Pollard, who were disqualified following an investigation by the service, were the only directors at this point.
In March 2013 Baker Donald began trading as a licensed insolvency practice, employing an in-house insolvency practitioner. It was also linked to…
Read the full article at: http://www.lawgazette.co.uk/practice/insolvency-directors-take-haircut-over-unfit-conduct/5053276.article