Recruitment Boss Andrew Woosnam Back in Business Despite £3m Debts and Phoenix Deal Concerns

Andrew Woosnam, a recruitment entrepreneur, appears to be operating again after two of his companies collapsed owing over £3 million, including money to HMRC. Woosnam had a three-decade career in recruitment, founding his own firm around 2000, and reportedly extracted millions in salary, dividends, and loans. His personal assets included a Berkshire mansion previously owned by comedians Dawn French and Lenny Henry. The situation highlights concerns over 'phoenix' deals, where businesses are revived after insolvency, often leaving creditors unpaid. A study cited in the source found that phoenix companies are more likely to fail again, raising questions about regulatory oversight and fairness to creditors like the tax authority. Woosnam's return to the industry underscores ongoing debates about corporate accountability and the ease with which directors can restart after financial collapses.