Pension Promoters Disqualified For 6 Years Over Payments
By Christopher Crosby (August 27, 2021, 2:20 PM BST) -- A judge disqualified two businessmen from acting as company directors on Friday for six years after they paid themselves more than £1 million ($1.4 million) when their British pensions promotion business was effectively insolvent.
Lee and Craig Lummis will be banned from running a business until 2027 after Judge Mark Halliwell said at the High Court, sitting in Birmingham in central England, that he was satisfied that the men's conduct had warranted a long disqualification period. They should have known that their pensions promotions business, Avacade Ltd., owed money to HM Revenue & Customs, the judge added.
The Business Secretary had...
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