“The Insolvency Service will not hesitate to apply to have companies wound-up in the public interest in such cases.”
Insolvency Service investigations into The Eel Screen Company began in August 2023. One of the former directors of the company told investigators that the business was involved in the installation of screens to protect eels in rivers. A second director of The Eel Screen Company said it had since moved into drainage and most recently the construction business. The Eel Screen Company obtained a £50,000 Covid Bounce Back Loan in May 2020, claiming an annual turnover of £320,000 for 2019. Analysis of the company’s bank account showed a turnover of just over £49,000 for that year, with no loan repayments made despite this being a condition of the scheme. The Eel Screen Company followed this misconduct up with a £225,000 application in January 2022 under the Recovery Loan Scheme, which supports SMEs to access the finance they need to grow and invest. Insolvency Service investigators found inconsistencies in the accounts and VAT returns submitted as part of the application as well as bank statements that appeared not to be genuine. Of the £225,000 The Eel Screen Company received, £148,000 was withdrawn as cash. The company made one repayment under the loan agreement to date, with £213,750 plus £30,726 in interest outstanding. Current and former directors of The Eel Screen Company also failed to produce accounting records on request to the Insolvency Service. The Official Receiver has been appointed as liquidator of the company.Boston company closed down after Insolvency Service reveals loan misconduct
Business park expansion ready for take off
Upperton Pharma Solutions marks significant achievement at newly commissioned 50,000 sq ft facility in Nottingham
Land sold for affordable housing scheme in Rothley
Work completes on £16.5m low carbon innovation hub in Leicester
Prominent Nottingham city centre investment with redevelopment potential hits market for £2.3m
Broadcasting legend Mark Dennison becomes Patron of Nottingham’s Forever Stars
Derbyshire firm make South Yorkshire acquisition
Applaud the region’s property and construction industry at the East Midlands Bricks Awards 2024!
- Most active agent
- Commercial development of the year
- Responsible business of the year
- Residential development of the year
- Developer of the year
- Deal of the year
- Architects of the year
- Excellence in design
- Sustainable development of the year
- Contractor of the year
- Overall winner (this award cannot be entered, with the winner, and recipient of a year of marketing/publicity worth £20,000, selected from those nominated for the event’s other awards)
Nominations end Thursday 5th September








To be held at:
