DIRECTORS DISQUALIFICATION: Lengthy disqualification for director with a string of charity failures

Lengthy disqualification for director with a string of charity failures
The director of a professional fundraising company has been disqualified for misleading the public and holding on to funds collected on behalf of charities.

Christopher John Stoddard, 68, from Ross on Wye, Herefordshire, was the director of CS Fundraising Limited (CSF). The company to cease trading in November 2014 and on 19 December 2014 the company was placed into creditor’s voluntary liquidation (CVL).

Following an investigation by the Insolvency Service, the director admitted to offences including soliciting money contrary to laws governing charities, misleading the public and retaining public donations of at least £125,634. More importantly this was the ninth company that the director had been involved with, which had entered formal insolvency proceedings.

As a result, the directors disqualification ban will prevent him from directly or indirectly becoming involved, without the permission of the court, in the promotion, formation or management of a company or limited liability partnership, for nine and a half years. Read the full article>

For advice on creditors voluntary liquidations and directors fiduciary duties, contact LM Insolvency & Advisory Limited for a FREE consultation on Tel: 07972928153 or email: lucinda@lminsolvency.co.uk