Premier Group Recruitment entered administration in September with £2.9m owed, including £647,000 to HM Revenue and Customs. Its assets were acquired three days later by PGGBR Ltd, founded by Andrew Woosnam, Premier’s 99% shareholder. Woosnam paid £10,000 initially and promised £600,000 more through monthly £25,000 instalments over two years. PGGBR Ltd later posted on LinkedIn about an all-expenses-paid Viva Las Vegas trip for consultants, but it has now fallen behind the payment plan. Administrators Rob Keyes and David Taylor reported startup costs were high while turnover failed to reach expected levels, causing delays in contract obligations and reduced contributions. Woosnam’s £1.2m director’s loan from Premier remains unpaid.
Read at www.theguardian.com
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