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Premier Group Reborn: Ex-Owner Buys Firm for £10K

2/15/2026

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Story summary
  • Premier Group Recruitment, which entered administration with nearly £3 million in debts, was repurchased by former owner Andrew Woosnam for £10,000.
  • The purchase creates the new entity PGGBR Ltd, which plans to reward its staff with an all-expenses-paid trip to Las Vegas.
  • The acquisition involves monthly payments totaling £610,000, with the first due by September 2027.
  • Administrators rejected a higher bid, and HMRC estimates this practice costs the UK taxpayer significantly.