Computer firms yield big crop of disqualified directors
Bad for business
More than 900 UK company directors were disqualified between March and September last year. The computing industry was the second worst sector, with 75 directors barred, according to the Department of Trade and Industry.
The large number was in part due to a new fast track disqualification system which the Government has implemented - the rest is down to bad practice, bad management and a bad economy.
Top of the list of sectors which saw their directors banned was the construction industry, which accounted for 103 disqualifications.
Directors are banned to prevent them setting up another company using the same bad practices and, under the new rules, can now be barred for anything from two to fifteen years.
Since the 1986 Insolvency Act came into effect, more than 10,000 individuals have been barred, over half in the last four years. ®
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