A tycoon has been slammed over a scheme that allowed “distressed” firms to go bust and avoid millions of pounds of debt.
Irvin connected owners of distressed firms with new directors who would nominally buy the company and take responsibility for winding it up. In a notice on its website, the Insolvency Service said Irvin’s companies “made several misrepresentations to prospective clients, “They also advised would-be customers that they could delay providing information to Companies House so they could continue to access the distressed company’s bank account.”
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