Concerns have been raised with government agency the Insolvency Service over the firm Cabec Ltd, which traded as Cream Club.
Yesterday, an Insolvency Service spokesperson told EYE: “Concerns have been raised with us and although we cannot prejudge the outcome of the liquidator’s investigation, we will be paying close attention to their findings and will take action if the evidence merits it.”
The firm, which supplies marketing materials to estate agents, went into administration in May owing unsecured creditors £944,967, including £681,000 to HMRC and £151,495 in unpaid wages to staff.
Cabec Ltd was bought in a pre-pack deal on the day it entered administration for £50,000 by a company called Cream Club Ltd.
One of Cabec’s former directors, Craig Cook, is a director of the new company.
Talking to the Hunts Post, Cook has insisted that existing creditors would be paid back.