Three directors of a land banking property company that sold plots of land in Studley, West Midlands have been disqualified for a total of 27 years.
Kevin Hilton of Moor Lane, Crosby, Merseyside, Lynne Hilton of Oak Drive, Burscough, Lancashire and Darren Butt of London were disqualified from managing or in any way controlling a company or being a director for 12, 3½ and 12 years respectively.
This followed an investigation by the Insolvency Service’s Company Investigation team in Manchester into their conduct as directors of Land Strategy plc.
Land Strategy plc was placed into liquidation on 30 July 2009, with an estimated deficiency to creditors of £78,900.
Kevin and Lynn Hilton were directors of the company from 8 December 2006 to 22 February 2008 and Darren Butt was a director from 22 February 2008 to 30 July 2009.
The company sold plots of land on a 38 acre green belt site at Studley in Warwickshire marketing the plots as having investment potential were planning permission obtained for the land. In reality the plots were effectively worthless.
Claire Entwistle, director of company investigations (North), said: “The directors of this company set out to sell worthless farm land at a massive profit to them
