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

Richard Howson: director ban

In force Companies House lists the ban as running from 25 October 2023 to 24 October 2031.

Grounds

Companies House records the undertaking under section 7 of the Company Directors Disqualification Act 1986 for conduct while acting for Carillion PLC. Building reported that the Insolvency Service said Howson caused Carillion to report financial statements that he ought to have known falsified and concealed the deterioration of major contracts, and that it cited profit overstated by 39 million pounds and net debt understated by 41 million pounds.^1,2

Companies

Carillion plc

Record

• 4 October 2023Disqualification undertaking given, according to Companies House.¹
• 13 October 2023The Insolvency Service discontinued proceedings against five former Carillion non-executive directors, days before trial, according to Macfarlanes.³
• 25 October 2023Disqualification takes effect.¹

Sources

1. Companies House, Disqualification details for Richard John Howson
2. Building, Ex-Carillion chief hit with eight-year director ban
3. Macfarlanes LLP, Carillion disqualification proceedings dropped, but where next for NEDs? (29 November 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.