The Insolvency Service has disqualified two directors of a company for a total of 17 years after they submitted falsely inflated invoices to a factoring company.
William and Fiona Lloyd will not be able to manage or in any way control a company, or be a director for 12 years and five years respectively.
The company, White Dot Box Holdings, had a contract with the internet search provider to promote their service among their clients. In July 2009 the provider withdrew most of their business, resulting in a reduction in turnover, at which point the company started to experience financial difficulties.
About Robert Lovell
Business and finance journalist