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WR Refrigeration Limited Served Winding Up Petition by HMRC

October 25 2013

A fridge repair and servicing firm, WR Refrigeration Limited, which has it’s headquarters in Leicester has gone into administration after having been served with a winding up petition by HM Revenue and Customs (“HMRC”) over unpaid taxes.  

WR

Cash-Flow Problems: Administration and Potential Job Cuts

According to the administrators, PricewaterhouseCoopers, WR Refrigeration’s Limited turnover in the year to 31 December 2012 was £58 million with the business operating from five regional depots with approximately 600 employees and a number of contractors.

Around 296 jobs are under threat in the Leicester branch and 59 in East Kilbride. The firm also has sites in Ipswich, Dartford, Leeds, Cardiff, Swansea and Belfast. However, we understand that there are no plans for redundancies and employees would be paid on an on-going basis.

The administrators said:

“Despite its market leading position, WR Refrigeration Limited has experienced difficult trading conditions in recent months. The funding, in addition to the significant investment already provided, was made available by the existing lenders and owners to help facilitate a turnaround of the business.”

HMRC’s Winding Up Petition

It is understood that existing lenders and owners made significant investment in an attempt to turn business fortunes round, but further losses and cash pressures led to a winding up petition. Prior to the HMRC winding up petition, the firm was unable to secure extra funding from external creditors which means that the business now faces the real risk of imminent closure.

Need HMRC Petition Advice?

If you have received a HMRC winding up petition our legal experts are able to provide legal advice and representation. Our team of solicitors and barristers can obtain a court adjournment, CVA’s or reach an out of court settlement with HMRC.

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The articles published on this website, current at the date of posting, are for reference purposes only and do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.

Call us on ☎ 02071830529 or email us on for more information about the specialist insolvency legal services we provide. Our team of London lawyers are based in Middle Temple adjacent to the Companies Court. We are committed to providing professional and specialist legal advice and are leading experts in cases involving winding-up petitions.