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…
17th May 2017 As many as one in four SMEs throughout the UK are reliant to some extent on the services of ‘gig economy’ workers, according to new research on the subject.
11th May 2017 Small companies throughout the UK could be facing a “business support black hole” in the next decade if funding currently allocated to them from the European Union is not replaced after Brexit.
2nd May 2017 The number of company directors who have been banned from leading or forming businesses for five years or longer reached a six-year high during 2015/16, according to the latest figures on the subject.
27th April 2017 A major creditor to Bolton Wanderers has issued a winding up petition against the football club in relation to a £5 million loan given to the organisation last year.
26th April 2017 HM Revenue & Customs (HMRC) officers have raided the offices of two of England’s largest and best known football clubs over issues relating to suspected income tax and national insurance (NI) fraud.
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.