Andrew Woosnam, a prominent figure in the recruitment industry, has faced significant challenges as his businesses have entered insolvency proceedings twice since September last year. Once a successful entrepreneur, Woosnam built his recruitment firm into a lucrative enterprise, amassing millions in salary, dividends, and loans, and acquiring notable assets, including a grand house in Berkshire.
Recent Developments
Woosnam's recruitment company, Premier Group Recruitment, went into administration in September 2025, owing £2.9 million, which included £647,000 to HM Revenue and Customs (HMRC). Following this, his assets were acquired by a new entity, PGGBR Ltd, which he also owns. Woosnam made an initial payment of £10,000 and promised to pay an additional £600,000 in installments over two years. However, these payments have not materialized, and the new company has accrued an additional £400,000 debt to HMRC.
Financial Background
- Total debt owed by Premier Group: £2.9 million
- Debt to HMRC: £647,000
- Director's loan from Premier Group: £1.2 million
- Dividends taken since 2022: Almost £2 million
- Loan from PGGBR: £200,000
