Lex Greensill, 49, the former director of Greensill Group, has been disqualified from acting as a company director in the UK for nine years after ‘agreeing to be disqualified’ following an investigation by the Insolvency Service.

In the notice about Greensill’s disqualification, the Insolvency Service stated: ‘His conduct breached his legal duty under the Companies Act 2006 to exercise reasonable care, skill and diligence as a company director.’

The ban was ‘accepted’ by Greensill just days before a six-week trial was due to start in London on Monday 8 June, with an agreement to ‘end court action’.

On 2 June, less than a week before the trial was set to start, Greensill ‘signed a disqualification undertaking – a legally-binding agreement where directors do not dispute certain facts (for the purposes of the disqualification proceedings only) to end court action’, the Insolvency Service confirmed.

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