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HMRC Winding-up Petitions: Petition Leaves Russell Payne & Co in Adminstration

February 22 2017

The Accountants firm, Russell Payne & Co is now reportedly in administration following a winding-up petition received from Her Majesty’s Revenue and Customs (HMRC).

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Russel Payne & Co in administration following HMRC Petition

Run by Administrators

The firm of accountants, based in Lincoln, has a turnover of £1.1m and 25 members of staff. It is still trading and is now run by administrators from a company in Nottingham named RSM who have made a statement:

“Following a winding up petition presented to the court by HMRC, Patrick Ellward and Dilip Dattani from RSM Restructuring Advisory LLP were appointed joint administrators of Russell Payne and Co. Ltd on 16 February 2017.”

They have also stated that they are seeking offers by 5pm on Friday, February 24.

Winding-up Petition Solicitors

If you have received a 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 successfully challenge the validity of the winding up petition to ensure that the petition is dismissed, often without public advertisement.

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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.