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Story summary
- A UK recruitment business, Sert Group and Sert Training, has been acquired out of administration for the third time in four years, raising concerns about phoenixism.
- HM Revenue and Customs estimates that this practice resulted in approximately 22% of the £3.8 billion in tax losses for 2022-2023.
- The acquisition left creditors with £7.6 million in debt, including £4.5 million owed to HMRC.
- Meraki 6, the new owner, claims no connection to previous management but retains former directors Mark Edwards and Ben Knight.
