Copy Paste Quotes

Recruiter who was allowed to buy back his insolvent firm falls behind on payments after offering staff Vegas trip

Premier Group Recruitment went into administration with debts of £2.9m – including £647,000 owed to HMRC

A recruitment executive – who was allowed to buy back the assets of his bust company in instalments despite it accumulating almost £3m of debt – has fallen behind on promised payments after pledging to send staff on an all-expenses paid trip to Las Vegas.

The development is the latest case to raise questions about the practice of “phoenixism”, accounting’s controversial art of liquidating companies to allow directors to rise from the ashes with a new entity, free of debts.

Continue reading...

May 31, 2026 Business Hampshire UK news

Need the full article?

Use the dedicated news page for the summary, then jump straight to the original source when you want the complete story.