"A recruitment business that went bust owing the tax authorities and other creditors almost 3m has promised to send its staff on an all-expenses paid trip to Las Vegas after being repurchased by its former owner for an initial 10,000. Premier Group Recruitment went into administration in September with debts of 2.9m including 647,000 owed to HM Revenue and Customs (HMRC), which had commenced enforcement proceedings against the company."
"Shorn of its debts, the new company has been active on social media, posting on LinkedIn: END OF YEAR TRIP 2026. We're going BIG That means our consultants have the chance to hit their targets throughout the year and earn an ALL-EXPENSES-PAID trip to Viva Las Vegas. The new company said it will pay flights and accommodation for staff who will be given unforgettable experiences for zero cost, just results."
"Aside from the former recruitment business owing the UK taxpayer hundreds of thousands of pounds, Woosnam had borrowed 1.2m from the old Premier through a director's loan an outstanding debt that appears to have increased by 265,000 since the end of its 2024 financial year, after which the business admitted to substantial doubt about the company's ability to meet its obligations in the foreseeable future."
Premier Group Recruitment entered administration in September with £2.9m of debts, including £647,000 owed to HMRC, which had begun enforcement action. The recruiter's assets were bought three days later by PGGBR Ltd, a company founded by Andrew Woosnam, the former 99% shareholder, for an initial £10,000. The new company has promoted an all-expenses-paid incentive trip to Las Vegas for consultants who meet targets. Woosnam held a director's loan of £1.2m from the old business that appears to have risen by £265,000 since the 2024 year end, while dividends of £1.95m were paid in 2022–23. The transaction resembles phoenixism, where a new entity continues operations free of prior debts.
Read at www.theguardian.com
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