A DUNFERMLINE sawmill firm is heading for liquidation after running into financial trouble.
ATR Sawmill Ltd, which has a registered address at Dunnock Drive, is linked to disgraced businessman Neville Taylor.
In January he was banned from being a company director for nine years for his involvement in a scheme that saw £7.6 million of assets go missing.
At Dunfermline Sheriff Court on March 26, a petition was presented on behalf of HMRC asking that ATR Sawmill be wound up and liquidators appointed.
The firm, which was primarily involved in sawmilling, planing of wood and the manufacture of wooden containers and items made out of cork, straw and plaiting materials, only has one active director - Taylor.
All parties claiming an interest must contact the court within eight days.
Liquidation is the process of closing a limited company, selling the assets to pay off debts and dissolving the company from the official register at Companies House.
In short it will stop doing business and employing people.
It's the fourth company to go to the wall since January that has had the same registered address at Dunnock Drive in Dunfermline and Taylor as sole director.
The others were sports facilities company, SF OPS Ltd, in January and Atlas 365 Group Ltd, a construction installation firm, and Clyde Bars Ltd, which was involved in pubs and bars, in March.
An investigation found that the disgraced businessman was in charge of more than 400 troubled firms, with 58 of them listed under his correspondence address on Dunnock Road.
Taylor, 57, was given a nine-year ban in January following an investigation by the Insolvency Service, a UK Government agency.
It said he had played a key role in a scam to undermine the UK insolvency system.
Taylor was paid more than £250,000 by a corporate firm to become the sole director of 12 companies which had ceased trading but had not entered liquidation.
The Insolvency Service said that when those firms did go bust more than £7.6m of their assets could not be accounted for.
The ban means he'll have to step down as a director from the 58 companies that are listed under his address in Dunfermline, plus more than 350 firms that are listed under his correspondence addresses in Herefordshire, Telford and Wakefield.
