1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190 
Director accuses bank over collapse
Page 6
If you've noticed an error in this article please click here to report it so we can fix it.
Creditors clamour for their money as controversial director racks up £500,000 debt. Chris Tindall reports.
A CONTROVERSIAL Scottish operator previously accused of flouting cabotage rules is blaming the Royal Bank of Scotland after his firm was put into liquidation, leaving debts of up to £500,000.
George Brady ran Kilsyth Transport Services (KTS) until insolvency practitioner Irene Harbottle was appointed as provisional liquidator on 11 October. He maintains that more than 200 creditors will all be paid but claims the liquidators have not kept him informed of developments.
However, Harbottle says: "I am investigating all matters to get as much information as we can."
Brady has angered creditors further by changing the name of another company of which he is a director, Kilsyth European Transport Services, to Brady Transport, and then writing to at least one KTS creditor on Brady Transportpaper asking them to contact him "for any logistical movements you require", even though KilsythTransport Services owes it money.
Brady has set up a number of dormant companies which he says will be used for "other projects".
He is also director of a recruitment firm that shares its registered address with Brady Transport and Kilsyth Transport Services: M&G Agency Drivers.
Brian Mckinstray says he is owed£30,000 for work he did for Kilsyth Transport Services and fears he might go bust in the next two weeks: "He [Brady] personally reassured me it wouldn't go down on me and assured me everything was fine and that I should keep working for him."
To confuse matters further, Brady says Brady Transport is using a number of trucks registered in Holland under another of his firms, Kilsyth Transport BV. This operation was set up after yet another company run by Brady, Kilsyth Transport, had its licence revoked in June 2001 for hours and tacho offences, and for employing drivers who were claiming benefits.
VOSA has already warned him that he must only allow the foreign vehicles to carry out cabotage operations for Kilsyth Transport Services for a month before heading home (CM 17 June).
Brady says: "I use the Dutch company because tax is cheaper: fuel is cheaper. BV has been going for six years."
Referring to the KTS liquidation and subsequent work under Brady Transport, he says: "It's not that I wanted to do it — the Royal Bank of Scotland has put us in this situation.
"They moved from half factoring to full factoring."
Harbottle concludes:"The company is unable to pay its debts as they fall due."