H&S Amendment Bill Seizure of company assets
Posted 08 February 2012 - 01:31 PM
The Bill received its' first reading today and was unopposed, the second reading will be at the end of April. The company cited in the article paid four directors "dividends" of £200,000 each for each of the three years between fatality and going into administration then promptly "phoenixed" using the same crane which had caused the death.
The HSE will, if the amendment to HASAWA 1974 is passed, be able to apply for an instant freezing of assets through a court order in cases of serious injury or fatality.
I think it is a positive step towards making companies regard H&S proactively, anyone see any drawbacks?
Posted 08 February 2012 - 02:06 PM
Posted 08 February 2012 - 04:03 PM
There is also the outside possibility that having raised the subject of "Phoenix" companies it might open the door to lobbying on the economic fallout from these charlatans.
Edit (Can't multiply no more!)
This post has been edited by kerry davies: 08 February 2012 - 04:04 PM
Posted 08 February 2012 - 08:19 PM
If this focusses attention on phoenix companies in general it will be good, but that's more accounting standards than HSE's remit.
Posted 08 February 2012 - 10:47 PM
Her's a typical crane tip, although in this case it's probably the stabilisers sank.
Youtube video of crane tipping.
Posted 08 February 2012 - 11:09 PM
Posted 24 February 2012 - 09:45 PM