Insolvency Service seeks 15-year ban for Lex Greensill

The former supply chain finance firm raised huge amounts from banks including Credit Suisse before collapsing in March 2021, and became subject of one of the UK’s biggest lobbying scandals after it emerged David Cameron lobbied ministers and officials for Greensill to be allowed access to the Covid loan support scheme during the pandemic.  

The Insolvency Service has now issued disqualification proceedings on behalf of the Secretary of State for Business and Trade Kemi Badenoch in accordance with her powers under the Company Directors Disqualification Act 1986.  

This would Greensill unable to be a director of any company registered in the UK or has connections with the UK, or being involved in the promotion, formation or management of a company for 15 years.

A spokesperson for the Insolvency Service said: “We can confirm that the Insolvency Service has commenced director disqualification proceedings against Alexander (Lex) Greensill to have him disqualified from running or controlling companies for a period of up to 15 years in respect of his conduct as a director of Greensill Capital (UK) Limited and Greensill Limited.”