§ Ms. MowlamTo ask the Secretary of State for Trade and Industry whether he will make an application against Mike and Mark Sweeney, formerly directors of Stormseal and now directors of Sure Style, under the Company Directors Disqualification Act 1986, having particular regard to any responsibility they may have had for the Stormseal company becoming insolvent.
§ Mr. RedwoodStormseal UPVC Window Co. Ltd. was one of a group of six companies that went into administrative receivership on 4 January 1991 and were controlled by brothers Mark and Michael Sweeney. Subsequently on 27 March 1991 winding-up orders were made against Stormseal arid one other company Stirfront596W Ltd. and the official receiver at Manchester is dealing with their affairs. Both the administrative receiver and the official receiver have a responsibility under the Company Directors Disqualification Act 1986 to consider the conduct of the directors and report any matters to the Secretary of State which they consider makes them unfit to be concerned in the management of a company.
An initial report is required to be submitted within six months of the appointment of the administrative receiver, but it is understood that the complexity of the affairs of the Stormseal group makes it unlikely that a full report will be able to be prepared by June 1991. On receipt of the full reports from the administrative receiver and the official receiver, the Secretary of State will consider whether it is appropriate to apply for disqualification of the said directors or any other persons involved in the affairs of the group.