Fourth Company Director Banned Over Involvement in £13.9 Million Barclays Fraud Scheme

Daryl Dylan has been disqualified from serving as a company director following his involvement in a scheme that facilitated the movement of over £1.6 million through unauthorised overdrafts in 2021. This financial misconduct was perpetrated through two companies, Oldcocdt Ltd and Oldcostl Ltd, which subsequently entered liquidation in 2022.

Dylan now joins his half-brother Scott, along with David Antrobus and Jack Mason, in facing disqualification for their roles in the fraudulent operation.

Details of the Financial Misconduct

The disqualification stems from Dylan permitting unarranged overdrafts with Barclays Bank that enabled the transfer of significant funds from the accounts of both companies. Most of these transactions were directed towards connected companies overseen by Scott Dylan and his associates.

It was determined that Daryl Dylan failed to ensure the funds could be repaid to Barclays when requested, thus violating the bank’s terms and conditions. At 38 years old and residing in Kilmainham Square, Dublin, Dylan was set to stand trial at the High Court in Manchester in July. However, he opted to sign a disqualification undertaking, a legally-binding agreement that prevents him from contesting certain facts, thereby halting ongoing court proceedings against him.

The Secretary of State for Business and Trade accepted this undertaking on 17 July, resulting in a ban effective from 7 August, prohibiting Dylan from acting as a director or participating in the promotion, formation, or management of any company without court permission.

Consequences for the Involved Parties

Scott Dylan, aged 42, is currently serving a 13-year disqualification and has been labelled as “the driving force” behind the fraudulent operation. Victoria Edgar, Chief Investigator at the Insolvency Service, emphasised the seriousness of a director’s responsibilities, stating that Daryl Dylan lacked the necessary care, skill, and diligence expected of someone in his position.

The combined disqualifications for the Dylans, Antrobus, and Mason amount to a staggering 38 years, demonstrating the effectiveness of civil sanctions against individuals deemed unfit to manage companies.

Use of Company Bank Accounts

Daryl Dylan completed bank account application forms for Oldcocdt Ltd and Oldcostl Ltd, previously known as C&D Transport Solutions Ltd and Six Ten Logistics Ltd, in late April 2021. He designated Scott Dylan as the primary contact for these accounts during the application process.

Four bank accounts were established for the companies in May 2021, with the first transactions occurring in mid-July. However, from that point until September of the same year, Daryl Dylan neglected to adequately oversee the accounts’ usage. He allowed significant unarranged overdrafts on Oldcocdt Ltd, leading to net payments of £1,042,220, primarily funnelled to connected firms.

Additionally, £586,454 in net payments were made from the Oldcostl Ltd accounts under similar circumstances. Barclays issued freezing orders for the accounts on 24 September 2021, demanding the return of £1,056,970 from Oldcocdt Ltd and £600,114 from Oldcostl Ltd. As no repayments were forthcoming, both companies were placed into liquidation in January 2022.

Legal Repercussions and Further Developments

In October 2024, Scott Dylan, Antrobus, and Mason were each sentenced to 22 months’ imprisonment for contempt of court due to violations of the freezing orders linked to the Barclays case. Both Antrobus and Mason have civil warrants outstanding and have yet to serve their sentences. Antrobus, aged 39, and Mason, aged 36, were subsequently declared bankrupt in October and August 2025, respectively.

In December 2025, a High Court hearing resulted in Scott Dylan and Antrobus receiving a combined 23-year ban from serving as company directors. The presiding judge characterised Scott Dylan as the “driving force” behind a scheme that lacked any legitimate purpose. Consequently, Scott Dylan received a 13-year disqualification, while Antrobus was barred for 10 years. Mason’s disqualification was confirmed in March 2026, when he also signed a disqualification undertaking, leading to a seven-and-a-half year ban.

Understanding Director Disqualifications

Daryl Dylan, born on 28 February 1988, and residing in Kilmainham Square, Dublin, is now subject to various restrictions as a result of his disqualification. Both Oldcocdt Ltd and Oldcostl Ltd are registered under company numbers 06013949 and 06510718, respectively.

Individuals facing disqualification orders or undertakings must adhere to a range of limitations. Directors seeking guidance on their responsibilities and obligations can refer to the Insolvency Service’s Director Information Hub for comprehensive information. Further insights into the workings of the Insolvency Service and mechanisms for reporting financial misconduct are also available for those interested.