HMRC Pressures Company into Administration Over Debt Less Than 4 Month Old

This is Money report the taxman put a business into administration despite its debt being run up within just a few months. The recession was blamed for Airedale Electricals taking losses on major contracts.

‘The company came under increased pressure from HM Revenue & Customs, even though the debt due to them was less than four months’ old,’ administrators from XL Business Solutions said.’Despite this [the Revenue] advised the company that unless the outstanding debt was paid, a winding up petition would be presented.’

The Revenue said: ‘HMRC only initiates winding up or bankruptcy action in fairness to other taxpayers and where it believes this is the best course of action to protect the interests of the Exchequer in respect of a particular debt. ‘We do not take such action lightly. ‘HMRC offers a range of support to businesses in temporary financial difficulties.’

Is your business facing a Winding-Up Petition? Do you need advice as to the best option for your business? We specialise in seeking adjournments and validation orders. Our Winding-Up Experts are able to give specialist legal information and advice in this area of law. To contact one of our Solicitors or Barristers for a free consultation please click here or call 02071830529.

ACT PROMPTLY IN RELATION TO DEBT CLAIMS

Please note that if you have been served a statutory demand or winding-up petition or warned about your file being passed from HMRC’s Debt Management to HMRC’s Enforcement or Solicitor’s Office do not delay in taking legal advice. Your matter can be handled more effectively the sooner you obtain legal advice and representation.

Check Your Insolvency Case ✔

We analyse your winding-up petition prospects. We deliver strategic legal advice at your first meeting. We get optimal legal results. Want a first or second opinion on your case? Click below or call our lawyers in London on ☎ 02071830529

WARNING – OBTAIN SPECIFIC GUIDANCE & ADVICE

The information on this website is not legal advice; you should always obtain specific advice on the circumstances of your case. Our Winding-up Petition Solicitors & Barristers provide specialist legal advice based on decades of expertise. Click here or call +442071830529 to get in touch. For regulatory reasons we do not take on low value cases nor provide free legal advice, information or guidance and our team cannot answer questions from non-clients.

Check Your Insolvency Case ✔

We analyse your winding-up petition prospects. We deliver strategic legal advice at your first meeting. We get optimal legal results. Want a first or second opinion on your case? Click below or call our lawyers in London on ☎ 02071830529

WARNING – OBTAIN SPECIFIC GUIDANCE & ADVICE

The information on this website is not legal advice; you should always obtain specific advice on the circumstances of your case. Our Winding-up Petition Solicitors & Barristers provide specialist legal advice based on decades of expertise. Click here or call +442071830529 to get in touch. For regulatory reasons we do not take on low value cases nor provide free legal advice, information or guidance and our team cannot answer questions from non-clients.

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