City Link and Better Capital “responsible” for creditors’ financial difficulties, say MPs


 

City Link and its former parent Better Capital are “morally, if not legally, responsible” for the financial difficulties that some of its creditors now face, a group of MPs looking into the collapse of the company have said. A report compiled by the Business, Innovation and Skills and Scottish Affairs Committees, which concludes an inquiry into the impact the administration has had, recommended an overhaul of the insolvency regime, including the order in which staff, subcontractors and suppliers are paid. […]