A director of a Birmingham-based construction firm has been disqualified from running companies until 2031 after selling £1.5 million worth of assets to another of his own businesses for under £500,000 while owing more than £1.5 million to HMRC and other creditors.
Kulbarg Singh, 62, from Staffordshire, was in charge of Aldridge Construction Engineering when, in 2021, he arranged for assets to be transferred to Ace Earth Solutions Ltd for £465,000. The Insolvency Service found the assets were worth around £1.5 million. Aldridge Construction went into liquidation the following year.
Founded in 2015, Aldridge Construction Engineering specialised in road resurfacing and gas pipe installation. Among the assets sold were seven vintage cars — two Daimlers from 1936 and 1965, two Jaguars from 1969 and 1978, and three Rolls Royces from the 1970s. These vehicles had been valued at £101,500 but were sold for just £1.
The transactions caused the company to lose over £1 million, leaving it insolvent with debts exceeding £1.5 million, including more than £250,000 owed to HMRC. The official receiver is working to recover funds so creditors can be repaid.
Kevin Read, chief investigator at the Insolvency Service, said Singh had deliberately moved valuable assets out of the company to the detriment of those owed money. He highlighted that selling historic cars worth over £100,000 for £1 demonstrated the seriousness of the misconduct.
Singh’s disqualification, which lasts six years from 24 July 2025, serves as a warning that directors who misuse their position will face significant consequences.
