Director of collapsed building firm under police investigation has been declared bankrupt
- Credit: Archant
Samuel Shutlar, the director of the building firm Samuel David Construction, which went under this summer with debts of more than £1m, has been declared bankrupt.
The 30 year-old, of Mayhew Road, Rendlesham, set up the company, based on Quayside in Woodbridge, in June 2012.
Samuel David Construction owes money to 73 businesses and individuals all over East Anglia.
Suffolk police are investigating allegations of financial misconduct with regards to Samuel David Construction, pending a report from the liquidators.
Liquidation proceedings are ongoing with the insolvency practitioners Parker Andrews in Norwich.
The list of creditors includes £120,000 owed to HM Revenue & Customs, the Funding Circle, a London-based peer-to-peer lender to which Samuel David Construction owed £120,000, and JP Metalworks on Farthing Road in Ipswich, which is listed as being owed £17,166.
Mr Shutlar was also a director for the business and tourism association Choose Woodbridge. The directors of Choose Woodbridge accepted his resignation from this position on July 13.
- 1 Man dies after being found unresponsive in Sudbury river
- 2 Ipswich Town installed as early League One title favourites
- 3 14 players that could solve Town's left-sided problem
- 4 'We're blown away' - Classic car show visits care home after roadworks setback
- 5 Historic former pub with permission to convert into homes set for auction
- 6 Homes destroyed after blaze breaks out in terraced housing
- 7 5 new places to eat and drink in Woodbridge this year
- 8 Man left with head injury after attack in seaside town
- 9 GALLERY: 'Stunning' turnout as Hadleigh Show returns after enforced break
- 10 Motorists stopped for speeding during enforcement checks
A report was published on November 6 on the Gazette, an official public record site, which states a bankrupcy order date was made for Samuel Shutlar on October 25.
The name of the petitioner was Travis Perkins Trading Company.