As we reported earlier this month, HM Revenue and Customs (“HMRC”) winding up petition against Follett Stock LLP had been adjourned until 21 October 2013. The purpose of the adjournment was to allow Follett Stock LLP time to pay the outstanding tax bill to HMRC or consider other insolvency arrangements.
Winding Up Petition: Court Adjournment
The adjourned hearing took place on Monday before Registrar Jones at the Companies Court in London. Follett Stock LLP and its parent company FSHL Limited, whose addresses were both given as Truro Business Park, Threemilestone, Truro, Cornwall, appeared next to each other in the Companies Court winding up list.
Registrar Jones adjourned the winding up petition hearing in order to allow for directions and for a further hearing date to be fixed. If Follett Stock LLP and FSHL Limited had been wound up by the court, the financial affairs of both companies would have been put in the hands of an official insolvency receiver or liquidator.
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