This might also be relevant:
Company Directors Disqualification Act (CDDA) 1986A liquidator, administrator or administrative receiver is required to investigate and report on the conduct of all persons who were directors or shadow directors of the insolvent company during the 3 years prior to the date of insolvency.
The report may include some, all or none of the areas of misconduct detailed above. The investigation will also include, but not be limited to, director’s remuneration, compliance with company legislation including keeping proper accounts and cooperation with the insolvency practitioner in pursuit of his duties.
The report is submitted to the Disqualification Unit of the Insolvency Service, an agency of the Department of Trade and Industry where the decision whether to pursue an action for disqualification is made.
A successful action by the DTI will result in a person being disqualified from acting as a company director or being involved in the formation, promotion or management of a company for such period as the court decides.