The controversial collapse of the company on Christmas Eve sparked recriminations in Parliament and drew criticism from trade unions. Alongside the job losses, scores of creditors were left out of pocket when the delivery company went insolvent.
The Government took Wright, a former non-executive at City Link, to court over allegations that he failed to notify authorities about the redundancies.
Under arcane laws dating back 20 years, businesses have to give at least 45 days’ notice to the Business Department if more than 100 people will lose their jobs. The Department for Business Innovation & Skills argued that City Link failed to notify authorities and should have informed the Government.
The judge in the case said the three directors believed insolvency was not the only option and thought the business could be sold. The case was the first attempt to prosecute executives under the law. Wright joined Better Capital from accountants PwC in 2011.
