Herts metal companies formed an illegal price-fixing 'cartel'
- Credit: Google Streetview
A businessman who operates out of a St Albans office has been banned from serving as a company director after his firm colluded in a price-fixing "cartel”.
Maurice Elliot Sherling is a director of Associated Lead Mills Ltd (ALM) – one of the UK’s biggest suppliers of rolled lead, used in roofing.
ALM conspired with another company in Welwyn Garden City, which has also had a director disqualified.
Companies House lists Mr Sherling’s correspondence address as an office building called Faulkner House, in Victoria Street, St Albans.
He is a director of 17 companies, nine of which are also registered at Faulkner House.
You may also want to watch:
But he will be banned from directing any company after the Competition and Markets Authority (CMA) found ALM “broke competition law by forming a cartel in the construction industry”.
In 2017, the CMA began investigating ALM and another company called H.J. Enthoven Ltd, which trades as BLM British Lead in Peartree Lane, Welwyn Garden City.
- 1 Man drowns in Stanborough Lakes
- 2 What are the outstanding schools in Hertfordshire?
- 3 Welwyn nursery manager meets Boris Johnson at Downing Street reception
- 4 Grant Shapps 'completely opposed' to closure of QEII Urgent Care Centre at night
- 5 Unanimous vote to close overnight service at Welwyn Garden City Urgent Care Centre
- 6 New Sexy Beasts dating show for Netflix filmed in Hertfordshire
- 7 New free live music event set for Hertford Castle's grounds
- 8 Young girl ‘shaken’ after phone placed under toilet cubicle
- 9 Henry Moore Foundation in Hertfordshire appears in new Fake or Fortune? series on BBC One
- 10 7 of the prettiest villages to visit in Hertfordshire
BLM director Jocelyn Campbell had set up a second phone to communicate with two ALM directors, instead of using his business phone.
After seizing the phone, investigators found hundreds of calls between the directors and “text messages evidencing an agreement and/or concerted practice to share the market”.
In 2020, both companies admitted fixing prices, agreeing not to target certain customers and sharing sensitive information.
ALM was fined £1.5million and BLM £8million.
Mr Sherling will be added to the Register of Disqualified Directors for three years, beginning on May 30.
Mr Campbell will be added to the register for six-and-a-half years, from March 18.
Graham Hudson, another ALM director, will be disqualified for four years, from May 30.
Michael Grenfell, executive director of enforcement at the CMA, said: “It’s an important responsibility of company directors to ensure that their companies don’t engage in illegal anti-competitive practices, which can lead to higher prices for customers.
“The CMA has clear evidence that these directors either knowingly entered into illegal arrangements and communications, or were aware of them and did nothing to stop them.”
Neither ALM nor BLM returned this newspaper’s calls.