IT companies going bust owing the Taxman millions. Disgraceful

[MrMarkyMark]

Afriyie was once said to be worth as much as £100 million.

[vetran]

Questions rise over London IT empire of ‘Tory Obama’ Adam Afriyie | London Evening Standard

Adam Afriyie, the Windsor MP once dubbed the “Tory Obama” for his rare status as a successful, black Conservative entrepreneur, has seen one of his two London businesses fall into administration and the other’s revenues fall dramatically.

It has also emerged that shareholders in the second business, including a former Conservative MP, have taken a charge out on his mansion after a lengthy legal dispute. Such a charge is usually taken as security for a business debt.

Afriyie was once said to be worth as much as £100 million. He was touted as a possible challenger to David Cameron for the Conservative leadership in 2013.

Connect Support Services, his City-based IT firm, was quietly put into administration last year, owing the taxman £1.7 million. It was sold last week to an unnamed buyer. It is not known how much creditors including HMRC will receive.

I reckon the Government should do something! Oh Right.