Our thanks to Jeff for this. The start of the piece from The Insolvency Service:

“Karen Mortimer and Joanna Seawright have been disqualified for their part in a scheme designed to subvert insolvency legislation.

Both facilitated the Atherton corporate rescue scheme by becoming directors of a combined 138 struggling companies without independently verifying their financial positions, failing to look into the location of more than £42 million in assets and leaving creditors with combined debts exceeding £67 million

Mortimer and Seawright did not dispute their misconduct and agreed to be disqualified for seven years rather than taking the case to court. [J4MB emphasis: Why the hell were these women given the option, presumably by the CPS? They should have been prosecuted to the full extent of the law. Sickening.]

Two key enablers [J4MB: Mortimer and Seawright.] of a scheme designed to undermine insolvency legislation by allowing business owners to keep their assets and drop debts have been banned as company directors.

Sisters Karen Mortimer, 67, and Joanna Seawright, 54, put the creditors of 138 companies at risk of financial loss after taking control of the businesses which were referred to them by Atherton Corporate UK (Ltd) and Atherton Corporate Rescue Limited.”

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