MK One founder Mark Brafman pleaded guilty to four counts of contravening the Company Directors Disqualification Act 1986 at Southwark Crown Court on September 9 and will be sentenced on October 15.
Brafman has been disqualified from being a director twice, once in 2001 until 2008 and again in 2010 until 2025, according to records on Companies House. The latter disqualification is understood to relate to a company called Atlantic Fashions.
Brafman founded MK One in 1985. In May 2008 he set up a new company Jet Star Retail to rescue MK One out of administration, but left six months later.
It is not known which company the guilty plea relates to. The case is ongoing.