Pre-packs probed and Britain’s ‘enterprise culture’ uncovered


“Allowing directors to ‘have another go’ if they are not culpable is an important part of our enterprise culture, and can sometimes benefit suppliers of the failed business as they may wish to trade with the new business.” Believe it or not this comment came from the Department for Business, Innovation and Skills (BIS) as it announced its review of pre-pack administration legislation on Tuesday. Would it be too harsh to infer that, as a result of this statement the […]