Recruiter who repurchased insolvent firm now liquidates new company after missed payments
Andrew Woosnam, who bought back the assets of the collapsed Premier Group Recruitment, has placed his new venture PGGBR Ltd into liquidation after falling behind on the instalment payments promised to the administrators.
Premier Group Recruitment went into administration in September 2025 owing roughly £2.9 million, with HMRC pursuing a £647,000 debt. Andrew Woosnam, who owned 99% of the insolvent business, established PGGBR Ltd three days later, made an initial £10,000 payment and promised to transfer an additional £600,000 via £25,000 monthly instalments over two years. The new company initially attracted consultants with an all-expenses-paid Las Vegas trip for meeting targets, but soon fell short of the agreed payments, leading administrators to file a compliance update with Companies House in March.
On Sunday, Companies House records showed PGGBR Ltd had appointed a voluntary liquidator. Woosnam had previously taken a £1.2 million director’s loan from Premier and extracted nearly £2 million in dividends since 2022, and sources say he cut at least half of the new firm’s workforce in July, many of whom remain unpaid. He is reportedly planning another recruitment venture under the name PGREC.
Why it matters
The case highlights how 'phoenix' practices can leave creditors unpaid and raise concerns about corporate debt avoidance.
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