Three directors disqualified over £3m land banking con

Plots of land in Studley, West Midlands, were bought for £6,579 an acre but re-sold at a 3000% mark up for a total of almost £3m. Kevin Hilton of Moor Lane, Crosby, Merseyside, Lynne Hilton of Oak Drive, Burscough, Lancashire and Darren Butt of London were disqualified from managing or being a company director for 12, three and a half and 12 years respectively. It followed an investigation by The Insolvency Service's Company Investigation team into their conduct as directors of Land Strategy plc. The company sold land on a 38 acre green belt site at Studley in Warwickshire, marketing ...