Creditors of the failed personal injury company The Accident Group (TAG) have called for the administrators to pursue TAG's former directors.
At a creditor meeting in Manchester last night, former TAG employees and business partners called for the business to be put into liquidation to enable investigators to find out if TAG's directors have traded wrongfully.
TAG founder Mark Langford denied that he and his fellow directors continued to run the company when it wasn't solvent.
After hearing that the Inland Revenue would be a "preferential creditor", the remaining creditors were dismayed to hear that they would only receive money if they successfully sue its former directors.
As a result creditors voted to keep TAG in administration in a bid to raise funds from the business. However the creditors were warned several times that employees are unlikely to recover the money they are owed.
Bryan Slater, a solicitor at Manchester based Slater Ellison, said continuing administration was the correct decision. He said: "The money should be going into an investigation into whether there was wrongful trading."
Creditors are set to meet with the administrators at the end of September to decide whether to put TAG into liquidation.
