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Leeds-based company was involved in facilitating the purchase of more than 200 failing companies
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It worked to frustrate and avoid the legitimate claims of creditors
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Bank accounts showed personal spending on flights and hotels in Dubai
A company which claimed it could help the directors of failed businesses ‘walk away’ with ‘no comeback’ has been shut down following an investigation by the Insolvency Service.
Leeds-based Ellan NW Ltd, which traded as Knowsley Recovery, claimed it could help directors circumnavigate the insolvency system by arranging the purchase of their struggling companies from them.
The company claimed the new owners of the business would then ‘attempt to negotiate…