A man has been disqualified from acting as a company director for eight years, following his role with a PPI claims management firm that cold- called customers and pressurised them into giving deposits upfront.
Paul Michael Young, 33, of Blenheim Close, Lostock Hall, was the sole registered director of Bradley-Turner, a firm which traded from Preston.
However, an Insolvency Service (IS) investigation revealed Mr Young and two other men merely ‘posed as frontmen for (three) connected companies but played no role in their management’, with third parties actually running the firms.
An IS spokesman said: “All three companies operated by cold-calling potential customers who might have been mis-sold financial products.
“They asked these customers to pay an upfront fee with the promise they would then pursue their claim on their behalf. In reality, they obtained the deposits and then did little or nothing to pursue their claims and abandoned each company and set up under a different name.”
Mr Young signed an undertaking agreeing not to act in the promotion, formation or management of a company for eight years, until 2021.
Bradley-Turner was wound up by a court in June 2011.
Ken Beasley, official receiver at the Insolvency Service, said: “The directors’ decisions to front these companies facilitated others in operating them in a manner which lacked commercial probity.”
Mr Young was not available for comment.