IT boss barred from directorship for eight years
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Posted in IT Channel, 26th November 2004 10:41 GMT
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The director of three London IT service firms which collapsed owing £2m, has been barred from holding directorships in any company for eight years.
The High Court of Justice heard that William Hall, 51, of Hallam Street, London W1, had displayed unfit conduct by paying himself an excessive salary, while failing to meet his obligations to pay income tax, national insurance and VAT to the Crown.
Hall was a director two business, Cannon Hill Ltd and Cannon Hill Consulting (CHC), which operated out from 77 Grays Inn Road, WC1 and Scapa Consulting based in Clerkenwell Road, EC1.
Cannon Hill Ltd went into liquidation in February 2002 with debts of £1.375m; CHC was placed into liquidation on October 2002, with debts of £384k; and Scapa was placed into administration with debts of £248k.
The Insolvency Service has pumped out a press release, detailing Hall's unfit conduct at the helm of these companies. ®
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