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Businessman Kevin Victor Sharp ordered to pay £770k or go to jail
A BUSINESSMAN closely linked to two homes for the elderly in York has been ordered to hand over £770,000 or face four years in jail.
The confiscation order against Kevin Victor Sharp, 48, is believed to be among the biggest made by a court at the request of the Department of Business, Innovation and Skills (BIS) and brings to a successful conclusion a six-year criminal and financial Government investigation into his activities.
Although not a director of any of them, Sharp was closely involved with three Upper Poppleton firms that run homes for the elderly: Roseville Care Homes Ltd, which has two homes for the elderly in York; Roseville Care Homes (Melksham) Ltd, which has a home in Wiltshire; and Colourscape Investments Ltd.
In relation to at least one of them, he broke a ban on being a company director imposed in either 2004 or 2005 as a result of his activities as a director of London Doors & Joinery Company Ltd.
BIS investigating officer Nigel Benson said: “His offences were really sort of sticking his fingers up at the system.”
Sharp, of Main Street, Upper Poppleton, admitted breaking a ban on being a company director. Such bans prevent someone from being a company director, liquidator or administrator of a company, as well as from being involved in promoting, forming or managing a company.
Leeds Crown Court heard Sharp benefited by £818,684 from his crimes and had assets that could be confiscated amounting to £776,866. He was given six months to pay or go to jail for four years.
He was also fined £100 and banned from being a company director for four years.
Mr Benson warned BIS had a high prosecution success rate and it would prosecute those who broke company law and the law on being a company director. Those convicted could face confiscation of their assets as well as a sentence.
“It is important because it gives us a level playing field in the business world and enterprise,” he said. “It also gives people a degree of protection.”
The laws are designed to stop, among others, businessmen who set up “phoenix” companies, which enable them to walk away from the debts of one company and set up other companies in a similar line of business which then collapse owing more debts.