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 ...

By Simon Goodley