'Phoenixing' - The Companies Rising from the Ashes
Listen now
Description
The businesses that go bust – only to re-emerge under a different name with no debts. There are now calls for tighter regulations around so-called ‘phoenixing’ where companies rise from the ashes of collapsed businesses leaving employees and creditors with huge debts of their own. The practise also costs local authorities and HMRC billions. 5 Live Investigates hears the stories of those who’ve been left out of pocket and from those who want unscrupulous directors outlawed for good. Also, tool thefts from vans and the tradesmen who say their livelihoods are threatened but they can't get the police to take them seriously. Photo Credit = Paul Ellis\Getty
More Episodes
Published 05/26/19
Fire safety experts have told 5 Live Investigates that many of the 1,700 buildings in England are 'likely to fail' a new round of tests into cladding and building materials. Hospitals, schools, nursing homes and tower blocks are among buildings which could be "at risk", BBC 5 Live Investigates...
Published 05/26/19
Four years after the introduction of new laws to target revenge porn offenders, 5 Live Investigates can reveal how cases are on the rise but the number of prosecutions is falling. The revelations come as a charity set up to help victims called the Revenge Porn Helpline reports a 150 per cent...
Published 05/19/19