THE boss of a collapsed computer firm has given an undertaking not to hold a directorship or be involved in company management for five years.
The undertaking was made by William Byung Choi, from New Jersey, in the US, who ran the Young Shin computer monitor components factory at the Haverton Hill industrial estate in Billingham.
The company went into compulsory liquidation last October on a petition from the Inland Revenue.
The firm crashed owing £464,253 of Pay As You Earn and National Insurance contributions.
Young Shin owes more than £1.4m to creditors and shareholders.
Mr Choi has accepted his conduct is unfit and has given an undertaking to the Secretary of State for Trade and Industry that he will not become involved as a director or in the management of a limited company for an agreed period of between two and 15 years.
This has avoided a court process, but he will still face penalties if he breaches the agreement.
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