#hmrc-debt

#hmrc-debt

A UK recruitment business has been acquired out of administration for the third time in four years, with former management retained and millions owed to HMRC, exemplifying phoenixism practices that cost the exchequer billions annually.

Former owner repurchased a debt-ridden recruitment firm, leaving creditors and HMRC unpaid while promising all-expenses-paid staff incentives and retaining prior director loans and dividends.