I don't understand it either, but apparently it is legal. What annoys me more than anything, is the lies. I was told I couldn't get my money back because mcarthey had 'run away, totally disappeared' with it all so there was no hope. Now I discover that was a total lie! It makes me so angry, you don't know who you can trust. Also, on the creditors list, there were pages and pages of how much he owed, and he seems to have taken out massive loans, one for > £100, 000 just before GDH went down, he knew what was happening. It is the same company, just a different name. If it was a totally new company, (different owner basically, nothing at all to do with the previous one) then I would be more sympathetic towards them.