In 15 months, between September 2000 and the company's collapse in November 2001, NDLC
was the biggest learning provider in the UK.
With its strong equity base and a solid balance sheet footing NDLC
"also leads the leasing business in Sindh in this area.
managing director Peter Kenyon, 43, of Roseberry Road, Great Ayton, and Thornaby-born financial director John Hornsby, 59, of East Close, Sadberge, Darlington were cleared of the one fraudulent trading charge they faced.
The complaint against NDLC
was that the company's method of doing ILA business defrauded both the Government and individual students.
Some students pursued the NDLC
through the county courts to get money back.
managing director Peter Kenyon cleared by the jury of fraud, said: "They stitched us up like a kipper.
made further claims of pounds 66,801 on Individual Learning Account (ILA) government grants after November 2001.
was the first company to start leasing operations in Pakistan.
Smallman, of Leeming Lane, Northallerton, was the founder of NDLC
, while Kenyon, of Roseberry Road, Great Ayton and Hornsby, of East Close, Sadberge, Darlington, were directors.
Tayyeb, Afzal - Managing Director & Chief Executive - NDLC
Hornsby is accused with Smallman and former NDLC
managing director Peter Kenyon, of defrauding students by diverting funds.
As the college tried to get its courses accredited, he said, City and Guilds approved NDLC
marketing and advertising and told people the two organisations had a partnership.