The Insolvency Service, acting for the new business secretary, Kwasi Kwarteng, has applied to the High Court for director disqualification orders against eight directors and former directors of Carillion, which could see them banned from holding board positions for up to 15 years.
Carillion plc was wound up by the court exactly three years ago today (15 January 2018) and the Official Receiver was appointed as the Liquidator. The Official Receiver has a duty to investigate the causes of the failure and promotion, formation, business, dealings and affairs of a company which has been wound up by the court.
An Insolvency Service spokesperson said: “We can confirm that on 12 January 2021 the Insolvency Service, acting on behalf of Secretary of State, applied for director disqualification orders against eight directors and former directors of Carillion. The application was made in the public interest.”
Those to be named in the proceedings include former chairman Phillip Green, ex-chief executives Richard Howson and Keith Cochrane, former finance directors Richard Adam and Zafar Khan, and former non-executive directors Ceri Powell, Andrew Douglas and Alison Horner.
According to the government “persons subject to disqualification orders and disqualification undertakings are bound by a range of restrictions”. These include not being able to be a director of any company registered in the UK or an overseas company that has connections with the UK and being involved in the promotion, formation or management of a company.