Mon, 20 Nov 2017 | BUSINESS NEWS
A total of five temporary workforce services companies based in Birmingham have been wound up.
KSA Associates (UK) (KSA), Ezybackoffice (EZY), Temp Payroll Services (TPS), A & T Active Recruitment (UK) (A&T) and B Diminish (BDL) were wound-up by the High Court following an investigation by the Insolvency Service.
A&T are accused of acting as recruitment agents for temporary workers under a contrived structure designed to take advantage of tax benefits. Contractors were given the option to be directly employed by them or to provide services through their own PSC.
A court has found that there was a severe lack of transparency in the scheme that was being operated by the companies.
This included the temporary workers, for many of whom English was not their first language, being appointed as directors and/or employees of the PSCs having no meaningful knowledge of the companies and their directorships. Some of the workers were completely unaware that they'd be appointed as directors.
Chief investigator at the Insolvency Service, Alex Deane, said: "This was a complex enquiry into a sophisticated scheme involving systematic abuse of the corporate regime and where the named directors of the PSC companies often had no idea of the scheme they were involved in.
"Those operating such schemes should be aware that the Insolvency Service will intervene when appropriate to stop them."
A very successful popular farm shop; an expanding and profitable business. Prominent main road location with passing road traffic. Located adjacent to a busy Petrol Station and close to the Garden Centre. Dorchester approx. 7 miles. Wareham approx. 1...
LEASEHOLD
Prominently located on Bournemouth’s West Cliff. Generous site approaching ½ acre with dual access. Well-equipped rooms with direct dial telephones, colour televisions, tea making facilities, trouser presses, ironing facilities and hairdryers. Key fo...
LEASEHOLD
Highly regarded 2 AA rosette restaurant and function/ wedding venue. AA 5 star guest accommodation rating. Purpose built bedroom block (1999). High quality fittings and equipment. UPVC double glazing with window blinds. Gas fired central heating. Bat...
FREEHOLD
08
|
May
|
Pipeline manufacturer acquired by engineering group | BUSINESS SALE
UTS Engineering has acquired pipeline manufacturer and servi...
08
|
May
|
JMG Group expands commercial insurance services with acquisition | BUSINESS SALE
JMG Group has expanded its commercial insurance services and...
08
|
May
|
Assets to be sold as steel processing firm ceases trading | ADMINISTRATION
A steel processing business based in the Liverpool City Regi...
08
|
May
|
Assets to be sold as steel processing firm ceases trading | ADMINISTRATION
A steel processing business based in the Liverpool City Regi...
08
|
May
|
JMG Group expands commercial insurance services with acquisition | BUSINESS SALE
JMG Group has expanded its commercial insurance services and...
08
|
May
|
Pipeline manufacturer acquired by engineering group | BUSINESS SALE
UTS Engineering has acquired pipeline manufacturer and servi...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.