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Boss diverted £200k from failing company

Loughborough Echo

|

May 20, 2026

MONEY MOVED TO NEW BUSINESS HIT CREDITORS

- By DYLAN HAYWARD

THE boss of a cleaning company has been banned from being a company director for seven years after transferring almost £200,000 out of his insolvent business into a new company he had set up.

Philip Walker, 44, of Wykes Close, Quorn, left creditors more than £500,000 out of pocket after using a controversial debt-dodging scheme.

Walker ran Solus Facilities Limited, which provided cleaning services to restaurants, until it hit financial trouble in April 2023.

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