Scottish Doosan dealer Balgownie Limited went into administration last year owing more than £3m, shortly after changing its name to FB Realisations Limited. The fall of Balgownie/FB Realisations followed revelations that finance director David Smith had been submitting false VAT returns on behalf of the company for several years without the knowledge of his fellow directors. David Smith, aged 61, of Kirkton of Bourtie, Inverurie, Aberdeenshire, has now been disqualified as a company director for 11 years following investigations by the Insolvency Service. Mike Smith, chief investigator at the Insolvency Service, said: “David Smith’s conduct falls well below the standards we expect of company directors. Balgownie Limited went into administration in March 2024, with 24 people losing their jobs and creditors owed £3,163,795.