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Scottish Trust Deed Forum
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Topic starter
17/04/2012 6:29 pm
This is my first time posting but I can't seem to get an answer anywhere (particularly from my trustee).
Does being in a PTD exclude me from being a director of a Scottish company? I also went through a business insolvency at the time I set up the PTD.
17/04/2012 6:44 pm
Hi Lori
This was asked yesterday.
No it does not stop you from being a Director of a Ltd company.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
17/04/2012 7:24 pm
Hi Lori and welcome to the trust deed forum.
Years ago I tried to research the same question online. About 50% of the websites I visited said "yes" and 50% said "no"!!
As Mark has said you can be a director. You may need to check the articles of association of the company just to confirm that it's OK by the rules of that company specifically.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
25/07/2012 2:43 pm
Many thanks.
25/07/2012 4:50 pm
Hi Lori
You can not be a director at the time of entering the trust deed. This is what I was told. Once you are in the trust deed it is possible!
I would check that there are no references to this in the companies articles of association.
25/07/2012 6:01 pm
Hi Bowershall.
Depending upon the circumstances there may be a couple of steps that need to be taken for a current Director to continue as a Director after a trust deed is signed.
This is usually perfectly manageable though, it just needs thinking through in advance with the help of the adviser.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
