Knowing you are dealing with a reputable and regulated company will help ease your mind when deciding who to entrust with your company problems. With over 400 staff and over 40 offices nationwide, we are well-established and perfectly placed to support company directors, owners and shareholders. View some of our case studies below.
RUGBY CLUB FACED WINDING UP PETITION FROM HMRC - A Yorkshire rugby league club faced a winding-up petition from HMRC. Attempts by the club and the Rugby League to secure funding and a repayment agreement with the Crown both failed: the remaining options were winding up or administration. We were appointed joint administrators and immediately secured a sale of the business and assets to a consortium of local businessmen who are fans of the club.
As well as saving the cub, the deal secured the future of the playing squad and staff at the ground.
VALUE CLOTHING COMPANY RESCUED FOLLOWING HMRC PETITION - A Yorkshire-based value clothing company was sold by our team after the long established chain fell victim to the retail sector downturn. Moving quickly, they secured a buyer three days after appointment. HMRC had issued a winding-up petition but liquidation would not be the best outcome, halting trade, losing goodwill and increasing preferential creditors through significant redundancies. Administration enhanced goodwill, ensured customer continuity and retaining most staff.
This prompt ‘going concern’ sale allowed 49 stores in leasehold premises to go on trading, protecting over 240 jobs and minimising creditor claims.
CARE HOME SOLD OUT OF LIQUIDATION FOLLOWING UNPAID TAX BILL - 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.
Friday 9th December, 2016 Written by Keith Tully
Dozens of high profile football players are under scrutiny from HM Revenue & Customs (HMRC) in relation to potential irregularities in their tax affairs, the organisation’s chief executive Jon Thompson has explained.Learn More…
Thursday 12th November, 2015 Written by Keith Tully
Independent traders in the town of Crickhowell in the Brecon Beacons are in the process of declaring themselves ‘offshore’ in an effort to avoid business taxes they would otherwise be obliged to pay.Learn More…
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.
Every day we help companies just like yours turn things around against seemingly impossible odds, regardless of your situation we can help. Find your nearest office today.