Three men have been disqualified from acting as company directors following investigations made into their conduct as directors of a Glasgow construction firm.
John O’Hara, Patrick Docherty, and William Docherty were directors of Culdaff Construction Company, which entered into creditors’ voluntary liquidation in March 2007 with liabilities of more than £2.7m.
John O’Hara signed a disqualification undertaking for three years whilst his two co-directors both gave undertakings of eight years.
The enquiries into their conduct as directors of Culdaff were made by the Insolvency Service’s Disqualification Investigation Team in Edinburgh.
They discovered that on 1 March 2007, O’Hara had allowed Culdaff to transfer £70,000 into his own account, even though he knew the company’s accountants had been instructed to place Culdaff into liquidation.
O’Hara’s disqualification takes effect on 22 February 2010. The disqualification means he will be banned from acting as a company director, or in any way controlling a company, for three years. If he breaches his undertaking he may be prosecuted.