Re Sevenoaks Stationers (Retail) Ltd

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Re Sevenoaks Stationers (Retail) Ltd [1991] Ch 164 is a UK company law case concerning the test of being unfit to run a company under the Company Directors Disqualification Act 1986 section 6. Mr Cruddas was a chartered accountant and director of five insolvent companies, debt amounting to 600,000. He did not keep proper accounting records, failed to ensure annual returns were filed, and that annual accounts were prepared and audited, caused more debt when he knew of severe financial difficulty, traded while insolvent, did not pay the Crown debts for PAYE, NIC and VAT. Mr Cruddas, had, though remortgaged his house to raise money to pay creditors, losing over 200K. But he only paid creditors who pressed for it.