UK recruiter emerges from insolvency for third time, avoiding millions owed in tax
Hampshire business seems to have benefited from ‘phoenixism’, which costs the taxpayer about £800m a yearA UK recruitment business has been acquired out of administration for a third time in four years as part of a succession of deals that left some of the former management team in place and...
<p>Hampshire business seems to have benefited from ‘phoenixism’, which costs the taxpayer about £800m a year</p><p>A UK recruitment business has been acquired out of administration for a third time in four years as part of a succession of deals that left some of the former management team in place and millions of pounds owed to the public purse.</p><p>The chain of insolvencies appears to contain more examples of phoenixism – a process when companies are liquidated and directors are able to rise from the ashes with a new entity, free of debts.</p> <a href="https://www.theguardian.com/uk-news/2026/mar/07/uk-recruiter-emerges-from-insolvency-for-third-time">Continue reading...</a>
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