A Manchester-based company that operated a business rates mitigation scheme for clients has finally been wound-up after it withdrew an appeal to close the business in the public interest.
The High Court in Manchester ordered the winding up of PAG Management Services Ltd on 9 October 2015 after it was found to have operated a scheme that relied on an abuse of insolvency legislation. The order was suspended pending an appeal lodged by the company, but that appeal was formally dismissed on 15 November 2016 at the companys request.
Two associated companies, complicit in the operation of the scheme, Ashburton Solutions Ltd and Beacon Property Solutions Ltd, were also wound-up in the public interest.
The scheme operated by PAG Management…
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