If you run your own hire firm, you will know how difficult is can be to keep things ticking over.
Funding is the biggest issue for most in the industry, needing access to money in order to grow and facilitate customers.
However, one plant hire boss from King’s Lynn decided to try and combat the issue through illegal means, now finding himself disqualified from being a Director of Anthill Plant Hire.
Andrea Anthill, 51, submitted fake invoices and cheques to a factoring companies in order to secure finance. But, this was far more than the odd cheeky £100 here and there. According to sources, Anthill forged evidence of money owned to him of over £700,000.
As a result, the factoring company provided funds that they otherwise wouldn’t have, left hugely out of pocket when the company went into administration. The firm claimed that when the plant hire company went into administration in July of last year, it owed them a huge £845,826.
But, they were not the only creators left unpaid. The company went bust owing over £1million in debt.
David Brooks, group leader of insolvent investigations for the Insolvency Service, said: “Factoring companies provide a vital service to companies experiencing cashflow difficulties, alleviating short term financial problems and allowing them to continue trading. This director grossly abused this service.
“The disqualification will severely curtail his activities for many years to come.”
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