Gavin Woodhouse can be removed as director of companies, says high court

Thousands withdrawn from bank account not disclosed to administrators, judge hears

The high court has ruled that Gavin Woodhouse can be removed as a director of a series of his subsidiary companies after a judge heard the embattled financier had been withdrawing tens of thousands of pounds from a bank account he had kept secret from administrators.

The move follows temporary administrators taking control of five Woodhouse companies over the past two weeks, including care homes and a planned adventure park. A crisis has engulfed the entrepreneur’s business interests after an undercover investigation by the Guardian and ITV News raised questions about what had happened to millions of pounds of private investors’ savings.

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From our friends over at the : Business | The Guardian

 

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