Bank Stolichny Kredit Disqualified as Corporate Director

The Companies House register of disqualified directors records that LIMITED LIABILITY COMPANY COMMERCIAL BANK "STOLICHNY KREDIT" is disqualified from acting as a corporate director in the United Kingdom from 8 October 2026. The disqualification is recorded under section 3A of the Sanctions and Anti-Money Laundering Act 2018 following a designation under UK sanctions regulations, bearing case identifier RUS3753. The register records an expiry date of 31 December 9999, indicating that no end date is set for the disqualification.

Because the disqualified party is a corporate body rather than an individual person, the entry applies to the entity acting as a corporate officer or director of any UK-registered corporate entity.

Disqualification details

The details recorded on the public register are set out below:

| Detail | Record |

| --- | --- |

| Name as registered | LIMITED LIABILITY COMPANY COMMERCIAL BANK ""STOLICHNY KREDIT"" |

| Officer type | Corporate officer |

| Start date | 8 October 2026 |

| End date | 31 December 9999 (no end date recorded) |

| Disqualification type | Sanction |

| Statutory basis | Sanctions and Anti-Money Laundering Act 2018, Section 3A |

| Reason identifier | Disqualification under sanctions regulation |

| Case identifier | RUS3753 |

| Companies named on record | None |

| Register entry | Companies House Disqualified Officers Register |

Companies named on the register

The register entry does not list any specific UK companies against this record. Identity is confirmed exclusively by the official entry published on the Companies House register.

What disqualification means under sanctions law

Corporate disqualifications under section 3A of the Sanctions and Anti-Money Laundering Act 2018 operate alongside traditional director disqualification regimes under the Company Directors Disqualification Act 1986. Where a person or corporate entity is designated under UK sanctions legislation, the statutory framework automatically restricts them from taking up or continuing in office as a director.

Under UK company law, the effect of this disqualification includes:

• The corporate entity cannot act as a director of any UK-registered company.
• It cannot act as a corporate manager, liquidator, administrator, or receiver of corporate property.
• It is prohibited from directly or indirectly being concerned in the promotion, formation, or management of a UK company without permission from a court.
• Acting in breach of a disqualification order or undertaking is a criminal offence that can result in prosecution, fines, and personal liability for the debts of the affected company.

When a disqualification is listed until 31 December 9999, the restriction remains indefinitely until the underlying designation is altered, revoked, or successfully appealed under the relevant statutory sanctions procedures.

Practical due diligence scenario

Consider an asset-backed lending scenario where a UK borrower proposes an offshore corporate entity as a corporate guarantor or holding entity. If compliance teams rely solely on high-level corporate registry searches, an overseas corporate officer subject to sanctions disqualification might be overlooked.

To conduct rigorous institutional counterparty verification, compliance analysts should follow this five-step sequence:

1. Identify all direct and indirect corporate officers, corporate shareholders, and entities holding significant control.

2. Query the UK Sanctions List published by the Foreign, Commonwealth & Development Office alongside the Insolvency Service records.

3. Conduct a targeted cross-reference against the Companies House disqualified directors database, reviewing both individual and corporate officer entries.

4. Run a comprehensive winding up search to ensure no underlying insolvency proceedings, petitions, or court appointments affect connected group entities.

5. Establish automated alert triggers using free company monitoring to capture future board appointments, charges, or Gazette statutory filings.

What this means for lenders, suppliers and counterparties

Corporate officer disqualifications create acute legal and operational risk for contracting parties. Any UK company that retains or appoints a disqualified corporate entity faces severe governance failure and potential invalidity of board decisions.

For lenders and trade creditors, counterparty screening must verify corporate structures above and alongside the operating borrower. If an entity disqualified under sanctions legislation forms part of the ownership or governance structure, banking counterparties risk committing sanctions offences or experiencing immediate event-of-default triggers in loan documentation.

A prudent risk review requires checking corporate officers against both the sanctions register and the daily disqualifications register. Creditors conducting pre-contract checks can verify ongoing cases through the disqualified directors daily list to ensure new designations are identified immediately.

For credit teams and suppliers

Credit underwriters and legal advisers must establish strict verification procedures before extending credit, executing debentures, or executing corporate guarantees. While manual registry reviews can identify historic filings, relying on sporadic searches creates compliance blind spots during live commercial transactions. A dedicated winding up petition search coupled with automated corporate intelligence screening ensures teams capture insolvency petitions, sanctions notices, and officer disqualifications prior to completion.

FAQ

Can a company be disqualified from acting as a director in the UK?

Yes. Under UK company law and section 3A of the Sanctions and Anti-Money Laundering Act 2018, corporate entities as well as natural persons can be disqualified from holding office as a corporate director or participating in company management.

Why does the record show an end date of 31 December 9999?

In UK registry databases, a date recorded as 9999-12-31 indicates an open-ended disqualification with no set expiry date. In the context of sanctions, the disqualification remains in place for as long as the underlying statutory designation applies.

What happens if a disqualified entity continues to direct a company?

Acting in contravention of a disqualification is a criminal offence under UK law. In addition to criminal penalties, officers and entities involved in managing a company while disqualified can be held jointly and severally liable for the company's financial liabilities incurred during that period.

How can professionals check whether a corporate officer is disqualified?

Searches can be performed directly on the Companies House register of disqualified directors. Professionals can also monitor daily updates via Corp Intel to identify new corporate and individual disqualifications as soon as they are registered.

Disclaimer

This report summarises an entry on the Companies House register of disqualified directors. It states only what the public register records and makes no further allegation. Anyone believing an entry is reported incorrectly should email contact@corp-intel.co.uk.