Article summary
The Insolvency Service has announced director disqualifications against two directors of Sway and Starting Limited, following the company's failure to pay £869,351 in corporation tax and £384,518 in VAT. The directors are both banned from any company management and engagement for four years, effective from March 2025. The Insolvency Service's investigation revealed the company received £4.5m in income between April 2020 and November 2022, while accumulating £2.96m in overdrawn director's loan accounts prior to its December 2022 liquidation.
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