Organisation

HM Revenue and Customs

UK tax authority owed money by Woosnam's companies

UK Recruitment Boss's Business Rises for Third Time Despite £3m Debts

The Guardian reports on pre-pack sales and the re-emergence of Andrew Woosnam's recruitment ventures

A recruitment entrepreneur whose companies collapsed leaving debts of more than £3 million, including over £1 million to HM Revenue and Customs (HMRC), appears to have launched his operation for a third time, according to an investigation by The Guardian's Simon Goodley.

25 Oct 2026

Business

Study finds phoenix company revival deals more likely to fail and hurt creditors

Insolvent businesses bought back by their former owners in pre-pack administration deals are significantly more likely to fail again and give far less money to creditors, according to research commissioned by the Guardian from Turnstone Intelligence. The study analysed more than 1,700 administrations from 2019 and found that 44 per cent of connected-party pre-packs had resulted in a second insolvency by July 2026, compared with 26 per cent where the buyer was unconnected to the original company.

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