United Kingdom · UK Insolvency Service, recorded on the Companies House register of disqualified directors

Richard Adam: director ban

In force Companies House lists the ban as running from 3 August 2023 to 2 February 2036.

Grounds

Companies House records the undertaking under section 7 of the Company Directors Disqualification Act 1986 for conduct while acting for Carillion PLC. An Insolvency Service spokesperson cited his conduct as a director of Carillion Plc, as reported by Construction Wave. Construction Enquirer reported that the Insolvency Service found he caused Carillion plc to rely on false and misleading financial information in its 2015 and 2016 financial statements.^1,2,4

Companies

Carillion plc

Record

• 13 July 2023Disqualification undertaking given, according to Companies House.¹
• 3 August 2023Disqualification takes effect.¹
• 29 November 2023Macfarlanes reported that Adam, Zafar Khan and Richard Howson gave undertakings of 12 and a half, 11 and 8 years.³

Response

Construction Wave said Adam was approached for comment. No response was reported.

Sources

1. Companies House, Disqualification details for Richard John Adam
2. Construction Wave, Former Carillion director banned for 12.5 years (14 July 2023)
3. Macfarlanes LLP, Carillion disqualification proceedings dropped, but where next for NEDs? (29 November 2023)
4. Construction Enquirer, Former Carillion finance boss banned for 12.5 years (14 July 2023)

A disqualification restricts acting as a company director for the period stated. It is a civil measure and is not a criminal conviction unless stated. How bans work.