Companies Acts must be reformed to protect consumers

In the light of all the shotgun liquidations and winding-up of companies, our supine fovernment needs to urgently amend the Companies Acts to protect consumers from companies that continue to trade right up to the last day and take peoples’ money.

The Companies Acts are a haven for rogue companies that create a situation where they intend to default to their customers, creditors, or revenue, by design, and in more cases, all three.

Legislation should be enacted that makes it a criminal offence for any company to trade up to the last minute before the doors close for good, whether the winding-up is genuine or bogus.