A director of a soft stripping and demolition business has been handed a seven-year disqualification for disposing of assets to the disadvantage of company creditors.
Phillip Keith Hearne, 54, of Bridgend, was a director of PKH Salvage Solutions Ltd which also traded from Bridgend.
The Insolvency Service found that between November and December of 2013, Mr Hearne entered into transactions totalling £71,000 to the detriment of PKH Salvage Solutions’ creditors and to his personal benefit.
Sue MacLeod, Chief Investigator of the Insolvency Service, said: “In investigating insolvent companies, the Insolvency Service always looks very closely at individuals who demonstrate a disregard for creditors and takes appropriate action where wrongdoing is uncovered.”
Mr Hearne has been given a seven-year Directors Disqualification Undertaking which means he cannot manage or control a company for the duration of the ban.
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