Insolvency Service announces director disqualifications following use of unauthorised overdrafts
The Insolvency Service has announced the disqualification of Scott Dylan and David Antrobus, directors of Oldcoft Ltd and Old3 Ltd, from acting as company directors for a combined period of 23 years following proceedings in the High Court in London. Dylan was disqualified for 13 years and Antrobus for 10 years, with the bans taking effect from 25 December 2025. The court heard that more than £13.9m was transferred through company accounts opened in 2021 using overdraft facilities that had not been agreed with the bank. The funds were subsequently transferred to other accounts, including payments of £1.6m to Dylan and nearly €1.8m to a family member. Barclays Bank later froze the accounts and sought repayment. In October 2024, both men were sentenced to 22 months’ imprisonment for contempt of court after breaching Barclays’ freezing injunctions.