Businessman breached his bankruptcy order by taking up new position

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A businessman who had previously filed for bankruptcy worked as a sales director for a Bourne company in breach of the order.

After a hearing this week, Peter Henry Nicholson (51) is now banned from being involved in the running of a business for ten years.

The hearing heard that Mr Nicholson contravened the Company Directors Disqualification Act by taking up an appointment as sales director of Bourne company Tandem Print Solutions Limited on June 1, 2012.

The business, based at Southfield House, Falcon Way, Southfields Business Park, supplied photocopier and printer services to businesses and schools.

Mr Nicholson, from Wolverhampton, remained in post until March 18, 2014. The company went into administration four months later.

Mr Nicholson has now given an undertaking to the Secretary of State for Business, Energy and Industrial Strategy preventing him from being directly or indirectly involved in the promotion, formation or management of a company for ten years from December 10, 2016.

A bankruptcy order had been made against Mr Nicholson on May 14, 2012, preventing him from acting as a company director for 12 months.

Commenting on the disqualification, Sue MacLeod, Chief Investigator at the Insolvency Service – an executive agency sponsored by the Government – said: “The Department for Business, Energy and Industrial Strategy will continue to uphold the integrity of the insolvency regime and will not hesitate to act if a bankrupt breaches the restrictions to which he is subject.

“This disqualification should act as a deterrent and warning to others who might be considering such breaches.”