{"id":7048,"date":"2025-08-05T14:46:11","date_gmt":"2025-08-05T14:46:11","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=7048"},"modified":"2025-08-05T14:46:11","modified_gmt":"2025-08-05T14:46:11","slug":"civils-boss-banned-over-classic-car-sales","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/civils-boss-banned-over-classic-car-sales\/","title":{"rendered":"Civils boss banned over classic car sales"},"content":{"rendered":"

A Staffordshire civil engineering boss who sold seven historic cars including two Jaguars and three Rolls-Royces for just \u00a31 to another company he also controlled has been banned as a director.<\/p>\n

Kulbarg Singh, 62, was the director of Aldridge Construction Engineering Ltd when he entered into an asset purchase agreement with Ace Earth Solutions Ltd in 2021.<\/p>\n

At least \u00a31.5m of company assets were sold, with Aldridge Construction Engineering Ltd entering liquidation the following year.<\/p>\n

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Among the under-priced sales were two Daimlers from 1936 and 1965; Jaguars from 1969 and 1978; and three Rolls Royces from the 1970s.<\/p>\n

Combined, the seven cars had a value of \u00a3101,500 but Singh sold them to Ace Earth Solutions Ltd for just \u00a31.<\/p>\n

Singh, of Harlaston, Tamworth, has been disqualified as a director for six years following Insolvency Service investigations.<\/p>\n

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Kevin Read, Chief Investigator at the Insolvency Service, said: “Kulbarg Singh deliberately sold assets worth \u00a31.5m for much less than they were worth, putting the money out of the reach of creditors.<\/p>\n

“Directors who abuse their position will face serious consequences. Selling historic cars worth over \u00a3100,000 for just \u00a31 shows the extent of Singh\u2019s misconduct.<\/p>\n

“Singh\u2019s six-year disqualification sends a clear message that we will pursue those who breach their responsibilities as a director.”<\/p>\n

Aldridge Construction Engineering Ltd was set up in November 2015. Singh said the company was involved in the resurfacing of roads and later installing gas pipes.<\/p>\n

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In April 2021, Singh sold company assets worth at least \u00a31.5m for just more than \u00a3465,000 to Ace Earth Solutions Ltd, a company he was director of between February 2020 and April 2022.<\/p>\n

The sale resulted in Aldridge Construction Engineering Ltd losing more than \u00a31m, leaving it insolvent.<\/p>\n

By the time the company went into liquidation in June 2022, it had no assets and total liabilities to HM Revenue and Customs and other companies of more than \u00a31.5 million.<\/p>\n

The Official Receiver, as liquidator of Aldridge Construction Engineering Ltd, is currently exploring options to pursue recovery action to return money to creditors who lost out as a result of the sales.<\/p>\n

The Secretary of State for Business and Trade accepted a disqualification undertaking from Singh, and his ban started last month.<\/p>\n

It prevents him from being involved in the promotion, formation or management of a company, without the permission of the court.<\/p>\n

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from Construction Enquirer https:\/\/ift.tt\/Fbmid4J<\/p>\n","protected":false},"excerpt":{"rendered":"

A Staffordshire civil engineering boss who sold seven historic cars including two Jaguars and three Rolls-Royces for just \u00a31 to another company he also controlled has been banned as a director. Kulbarg Singh, 62, was the director of Aldridge Construction Engineering Ltd when he entered into an asset purchase agreement with Ace Earth Solutions Ltd […]<\/p>\n","protected":false},"author":1,"featured_media":145,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[9],"class_list":["post-7048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-construction-enquirer"],"_links":{"self":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/7048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/comments?post=7048"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/7048\/revisions"}],"predecessor-version":[{"id":7049,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/7048\/revisions\/7049"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/148"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=7048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=7048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=7048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}