Warning of Winding Up Action. Please read this letter – it can help the company avoid being wound up. The company’s debt, as detailed on the attached statement is £X. Interest continues to be charged until payment is made. Despite reminders you have not paid.
If you do not take action within seven working days of the date of this letter, we will wind up the company for this debt. This will increase the amount it has to pay. The company’s bank accounts may also be frozen and its assets put at risk.
CLICK IMAGE to view full letter
This is the inevitable letter from HMRC to declare that your company is insolvent and should cease to exist as it is clearly unable to meet its liabilities.
They have given you seven days to pay the debt or they will wind up the company – i.e. compulsory liquidation. This is just about as serious as it gets and you should seek immediate advice from an insolvency practitioner at your nearest Real Business Rescue office who can provide you with a free consultation.
There is always the option of trying to negotiate with HMRC; something we can assist with and have vast experience doing. It is often a last resort for them to resort to court action but they will do it if a suitable repayment method or plan is not agreed. If you make any arrangement with HMRC and break it they won’t waste time taking action.
If you believe your business is still profitable, there might be a future in store for it but you must speak to an IP and HMRC right now – time is of the essence.
12th December 2018
Small and medium-sized enterprises (SMEs) across the UK are paying increasingly large sums of money to collect amounts owed to them by their clients and customers.Read More
4th December 2018
The number of independent retailers who closed down outlets during the first half of this year reached a record high level for any comparable period.Read More