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If somebody is held out to be a director – ie by giving them the title of director, even when this is not registered at Co House, then I suppose they can be held accountable as a full director if it was not clear that they have been not likely such. Yes I was aware of ‘directors’ in the giant accountancy firms however thought there might have been a problem where a limited company was involved. Or simply as a spot for dialogue and advice for those who haven’t got anybody round them to ask questions or sanity verify a thought process.
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In The End my PI Insurers were on my facet (and he did not claim something anyway) but he did file his own accounts. Years in the past I fell out (and stopped appearing for) a client who was not pleased. Even the ICAEW audit inspector got here with a list of my clients presumably obtained from an identical source. I never discovered something untoward but cannot consider the massive firms so not do a similar verify.
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