Daryl Dylan

Introduction

Daryl Dylan is a 38-year-old company director from Dublin who became the fourth person disqualified for their role in a scheme involving unauthorised banking transactions worth almost £14 million. Dylan directed two companies, Oldcocdt Ltd and Oldcostl Ltd, whose Barclays accounts were driven into unarranged overdrafts in 2021 so that more than £1.6 million could be transferred out of them — most of it to connected companies controlled by his half-brother, Scott Dylan, and associates. Days before he was due to stand trial at the High Court in Manchester, Dylan signed a disqualification undertaking to end the court action. The Secretary of State accepted it on 17 July 2026, and his seven-and-a-half-year ban took effect on 7 August 2026.

Background Information

Oldcocdt Ltd and Oldcostl Ltd were known at the time the accounts were opened as C&D Transport Solutions Ltd and Six Ten Logistics Ltd. Dylan signed the Barclays account application forms for both companies in late April 2021, naming Scott Dylan as the primary contact for the accounts. Four bank accounts were opened the following month, in May 2021, and were used for the first time in mid-July. From then until September 2021, Dylan failed to adequately monitor their use.

The Controversy or Incident That Led to Their Cancellation

Adjudicated vs. alleged. Daryl Dylan’s seven-and-a-half-year ban is a disqualification undertaking accepted by the Secretary of State days before a High Court trial — a civil sanction, not a criminal conviction. The government release records no criminal conviction of Daryl Dylan himself; the contempt-of-court prison sentences named in the article were imposed on his half-brother Scott Dylan, David Antrobus and Jack Mason, not on him. The findings set out below are the officially adjudicated basis of the undertaking he signed.

Between mid-July and September 2021, Dylan allowed unarranged overdrafts on the Oldcocdt Ltd accounts to be used to make net payments of £1,042,220, most of them transfers to connected companies. A further £586,454 in net payments was made from unarranged overdrafts on the Oldcostl Ltd account to a connected company. Across the two companies, the transfers totalled more than £1.6 million. Dylan failed to ensure the funds could be repaid to Barclays on demand, breaching the bank’s terms and conditions.

Barclays secured freezing orders for the accounts on 24 September 2021 and demanded repayment of £1,056,970 from Oldcocdt Ltd and £600,114 from Oldcostl Ltd. No repayments were made, and the two companies entered liquidation in January 2022.

Dylan, of Dublin, was due to stand trial at the High Court in Manchester in late July 2026. Instead, he signed a disqualification undertaking — a legally binding agreement in which a director agrees to be disqualified and does not dispute certain facts — to end the court action against him. The Secretary of State for Business and Trade accepted the undertaking on Friday 17 July 2026, and his seven-and-a-half-year ban came into effect on Friday 7 August 2026. It prevents him from acting as a director, or being involved in the promotion, formation or management of a company, without the permission of the court.

His half-brother had already been dealt with. At a hearing of the High Court in London in December 2025, Scott Dylan and David Antrobus were banned as company directors for a combined 23 years. The judge described Scott Dylan as the “driving force in this scheme which can really be regarded as a scam” and banned him for 13 years, adding that the scheme had “no legitimate purpose”. Antrobus was disqualified for 10 years. Jack Mason was banned for seven-and-a-half years in March 2026 after signing a disqualification undertaking of his own. With Daryl Dylan’s undertaking accepted, disqualifications against the four men amount to a combined 38 years.

Public Reaction and Consequences

No public comment from Daryl Dylan himself appears in the Insolvency Service’s announcement; the reaction on record comes from the agency that secured his ban. Victoria Edgar, Chief Investigator at the Insolvency Service, said acting as a company director “comes with responsibilities which must be taken seriously”. She said Dylan “failed to exercise the standard of care, skill and diligence reasonably expected of a director responsible for the affairs of a company”, and that proving “civil sanctions are an effective tool against those who have so clearly demonstrated they are unfit to direct companies” was exactly what the 38 years of combined disqualifications achieved. The consequences for his associates have gone further still: Scott Dylan, Antrobus and Mason were each sentenced to 22 months in prison in October 2024 for contempt of court after breaching freezing orders connected to the Barclays proceedings. Mason and Antrobus have civil warrants outstanding and have not served their sentences, and the two men were also declared bankrupt, in October and August 2025 respectively.

Current Status

Daryl Dylan’s disqualification came into force on 7 August 2026 and runs for seven and a half years. Throughout that period he may not act as a director, or take part in the promotion, formation or management of any company, without the permission of the court. Oldcocdt Ltd and Oldcostl Ltd remain in liquidation, having entered the process in January 2022 with nothing repaid against Barclays’ demands of £1,056,970 and £600,114. Scott Dylan is currently serving his 13-year disqualification, while Mason and Antrobus remain subject to outstanding civil warrants for their unserved contempt sentences. The Insolvency Service announced Dylan’s ban publicly on 27 July 2026.

Impact on Their Career/Life

For a man whose working life was bound up in company directorship, the undertaking closes the door for seven and a half years — a period in which he cannot manage, form or promote a company unless a court allows it. By ending the court action days before trial, Dylan avoided a contested High Court hearing but accepted the findings against him as legally binding. He now sits alongside the three men disqualified before him in a scheme the High Court judged to have “no legitimate purpose”.

Sources

• The Insolvency Service / GOV.UK, “Fourth company director disqualified for role in £13.9 million Barclays ‘scam’,” 27 July 2026 — source