Former Balgownie director disqualified after claiming over £1.5m in under-declared income

The Insolvency Service said David Smith submitted false VAT returns on behalf of Scottish machinery firm Balgownie Limited from 2019 to 2022

Chris Brayford
clock • 2 min read
In March 2024, Balgownie and Balgownie Rentals confirmed the business had entered administration due to owing creditors more than £3m - with 24 employees having been made redundant.
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In March 2024, Balgownie and Balgownie Rentals confirmed the business had entered administration due to owing creditors more than £3m - with 24 employees having been made redundant.

A director who formerly headed a 118-year-old Scottish machinery firm has been banned for more than 10 years after falsely claiming VAT returns worth over £1.5 million. David Smith, of Inverurie in...

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