Banned Director jailed after running Credit Management firm

Banned Director jailed

A Businessman from Leicester who fraudulently operated businesses including a credit monitoring service, has been jailed for two years and nine months following lengthy Police investigations.

Colin Newby Smith from Syston in Leicester had originally been disqualified from acting as a company director for eight years back in 2006. His original disqualification was due to his failure to keep proper company accounts and records as part of his obligations as company director.

Newby-Smith then changed his name by deed poll and set up a variety of companies, including two within the credit referencing sector.

He changed his name to ‘Alexander Barnett’ to become listed as the Director of Online Company Reports Ltd, Company Alert Ltd, Clavering Services Ltd and SWP PTE Ltd.

One of his companies, Company Alert Ltd, offered customers a Business credit rating monitoring and alert service.

Mr Newby-Smith then proceeded to set up finance company ‘Quick Cash for Cars’ after changing his name for a second time to ‘Clifford Harper’.

Following extensive Police investigations, Mr Newby-Smith was arrested and then charged with three counts of fraud including acting as a director whilst disqualified and possession of an article for use in frauds. He also had the lesser charge of being in possession of a Class B drug.

Nottingham Crown Court sentencing,  jailed him for a total of 33 months and also disqualified him from acting as a company director for another 7 years.

The former adult gift shop owner was also in the news in 2012 for saying he had no remorse for a drink drive crash he had been involved in.

DC Nick Lowe of Nottinghamshire Police commented “Colin Newby-Smith used false identities in order to commit fraud. There is nothing to suggest he would have not continued to use these names to obtain money”

DC Lowe continued “Nottinghamshire Police is pleased with the sentence handed to Newby-Smith today and we hope this sends a message to other fraudsters that we will robustly pursue those who seek to commit fraud”






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