Company Director banned for taking back ‘his’ £500,000

22 Feb 2013 01:44 PM

Roger Dyson, director of Roger Dyson (U.K.) Limited which was involved in the construction of recovery vehicles, has been banned from being a director for five years at the High Court in Birmingham for benefiting himself ahead of other creditors, after his company went into liquidation. The disqualification follows an investigation by the Insolvency Service.

On 1 December 2008, two months before Worcester-based Roger Dyson (U.K.) Limited entered liquidation, Mr Dyson repaid himself £500,000 from the company and ahead of other creditors, for an unsecured loan he had made to the company in July 2008.

The disqualification means that Mr Dyson, 62, cannot act as a director, control or manage a company until 2018.

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