Colin Carmichael, a director of Pure Recruitment Solutions Ltd (Pure) in Symington, South Ayrshire, has been banned from acting as a company director for 11 years at the Sheriffdom of Glasgow and Strathkelvin Court in Glasgow for breaching an earlier six-year disqualification.
The new disqualification, which started on 5 August 2013 and extends his total disqualification period to August 2024, follows an investigation by the Insolvency Service.
The investigation found that Mr Carmichael, 43, acted as a director of Pure from 19 August 2008 to 31 March 2011 while disqualified, following an earlier undertaking he had given to the Secretary of State for Business, Innovation and Skills not to act as a company director from 22 July 2008 to July 2014. Pure went into administration on 31 March 2011.
The earlier undertaking followed investigations into a company which also traded under the name Pure Recruitment Solutions Limited and went into administration on 6 March 2006.
In addition, the court heard that whilst acting in contravention of his ban, Mr Carmichael also took at least 342,399 from the company at a time when it was unable to pay business debts, through transfers to a personal bank account and payments to an employees benefit trust which he controlled.
Commenting on the Court Order issued, Robert Clarke, Head of Company Investigations: North, said:
This is a blatant abuse of the undertaking given to the Business Secretary which also enabled him to remove funds from a company to the clear detriment of its creditors, and as such has rightly attracted a lengthy period of disqualification. The Insolvency Service is committed to upholding the integrity of the enforcement regime and will seek to ensure that creditors are adequately protected from individuals who extract personal gain at their expense.