It seems from the reports that the new company was opened before the other company went into liquidation but there was nothing illegal in that. It's similar to all those people involved in tax avoidance schemes, they have done nothing wrong in the eyes of the law but it does leave a bad taste in your mouth.
The report I read, also said that there were nine companies registered at the home address of the director.
Will anything ever get done about the abuse? quite frankly the answer is no as the powers that be have got their noses in the trough too, like the previous Chancellor of the Exchequer whose firm allegedly avoided paying about £2M in tax using these loopholes.