Four companies linked to a scheme which risks undermining insolvency legislation have been shut down. Atherton Corporate Partners LLP, Jones & Harlington Ltd, TYA GRP Ltd and TYA Two GRP Ltd formed part of the Atherton scheme, which allowed business owners to keep their assets and drop their debts. More than £18 million in previously held assets were identified by the Insolvency Service from 75 companies, which were sold to Jones & Harlington Ltd, TYA GRP Ltd and TYA Two GRP Ltd.
Atherton Corporate Partners LLP, Jones & Harlington Ltd and TYA GRP Ltd were wound up at the High Court in London on Tuesday 17th February. TYA Two GRP Ltd was wound up at the Court of Session in Edinburgh on Friday, 16th January.
Atherton…