Re Smooth Financial Consultants Ltd; Secretary of State for Business Energy and Industrial Stategy v Broadstock and others

Company – Director. Where, on the facts, the second and third defendant directors had, over the relevant period, permitted a company which later went into administration to repeatedly misuse its client account, and where they had not taken any steps to prevent such misuse, the Chancery Division held that their conduct had been such as to warrant their disqualification under s 6 of the Company Directors Disqualification Act 1986. The second defendant was disqualified for a period of eight years, while the third defendant was disqualified for seven years.

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