A St Helens care home which faced being wound up over an unpaid tax bill was sold out of liquidation. The deal has safeguarded 17 jobs and the home's 16 residents. The care home had been faced with a winding up petition from HMRC, which would have seen it shut down immediately. Our team of liquidators only became involved after the petition had been filed, which gave us little time to find a sale and plan a future for the business before its bankers froze its account.
The business entered a Creditors Voluntary Liquidation (CVL) and HMRC agreed not to proceed with the winding up petition.
20th February 2017 Small companies throughout London are worried about the prospect of seeing significant rises in business rates increase their overheads.
15th February 2017 The growth of what has become known as the gig economy is costing HMRC in the region of £75 million in lost tax revenues every week, it has been claimed.
14th February 2017 Growth in the UK economy will slow down considerably over the course of this year and next, according to the European Commission.
14th February 2017 The Co-operative Bank has been put up for sale in its entirety four years after it came perilously close to collapse before being acquired by US hedge funds.
9th February 2017 Notably strong consumer spending helped to keep the UK economy on track in recent months despite the ongoing uncertainty surrounding the country’s exit from the European Union.
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