Ban for shamed director extended

An Aberdeen businessman who is banned from being a director has had his disqualification extended after he was discovered running another company.

In January 2016, David Stuart received a six-year ban following the liquidation of Nabscaff Limited three years prior.

Stuart was disqualified for six years for failing to maintain company books and records.

Despite being aware of his ban, he continued to act as a director of a second company, Tern Engineering Services (TES) until September that year.

When TES was liquidated that same year another investigation uncovered that Stuart

“MrStuart haspaidscant regardtothe previousfinding”

had owed HMRC more than £57,000.

The investigator found that during March and April 2016, Stuart paid £9,300 to gambling accounts and paid a further £17,010 to other unknown payees, however he did not pay any cash to the taxman.

HMRC was also the sole creditor of Nabscaff, to the tune of £115,472.

A sheriff granted a disqualification order against Mr Stuart for 11 years, on August 2.

The ban, effective from August 23, means he cannot be involved directly or indirectly in the promotion, formation or management of a company without the permission of the court.

Robert Clarke, head of insolvent investigations north at the Insolvency Service, said: “Mr Stuart has paid scant regard to the previous finding that he was unfit to run a company and not only breached that ban but continued to put his own personal financial interests above those of the company’s creditors.”

Stuart could not be reached for comment.