Bruce Roy Pilley, a director of TVCatchup Limited, was disqualified by the High Court from managing or controlling a limited company until 9 August*2026.
The disqualification order was made by Chief Registrar Baister on 19 July 2017.
TVCatchup Limited (TVC) was a television programming and broadcasting business that went into creditors voluntary liquidation on 8 May 2015 following Administration, owing ?1,975,128 to creditors including ?523,396 in respect of liabilities due to a loan provider.
On 14 March 2014, HMRC presented a petition to wind up the company to the High Court. On 3 April 2014, Mr Pilley discussed the Winding up Petition with HMRC by telephone on three separate occasions. Despite the presentation of the winding up petition and Mr Pilley?s knowledge of the petition being presented, on 4 April 2014 he caused TVC to enter into a joint loan facility agreement.
According to the terms and conditions of the agreement, Mr Pilley was obliged to disclose the existence of the winding up petition to the loan provider. Mr Pilley did not disclose the petition and TVC subsequently drew down ?523,396, in breach of the terms and conditions of the agreement.
On 29 May 2014, the loan provider became aware of the existence of the winding-up petition and on 4 June 2014, appointed administrators.
Aldona O?Hara, Chief Investigator of Insolvent Investigations Midlands & West at the Insolvency Service, said:
The Insolvency Service will rigorously pursue company directors who deliberately breach the trust of those providing financial assistance.
Fair treatment of customers and creditors is essential for business confidence which is, in turn, essential for economic growth.
This disqualification is a reminder to others tempted to do the same that the Insolvency Service will rigorously pursue enforcement action to seek and remove from them the privilege of trading with limited liability to protect the public for a lengthy period.