Re: Liquidate company to avoid paying
In cases where a potentially solvent company is voluntarily wound up as insolvent, the directors should already be liable, because actions deliberately driving a company insolvent must be at least negligence, if not corporate misconduct.
Most fly by night shysters make sure there's no assets or cash in the operating company because they know they may need to rush out of town at short notice. You can see this from the nominal capital in the company, and the fact that the balance sheet has no tangible assets.
As a result it is usually the case that a dodgy outfit will become insolvent by virtue of the fine, but that's not because the money never existed, its because its being continuously syphoned out and hidden. That's why it is so important that directors and managers can be personally held accountable. Unfortunately the cretins of Westminster really don't see this as in any way important, compared to other trivia like doomed-to-failure age verification systems. The sooner we're rid of Mary Whitehouse as PM, the better.
Biting the hand that feeds IT
