Winding-up Petition issued against Sanderson Young by HMRC

The well-established North East estate agency, Sanderson Young, has reportedly been issued a winding – up notice by the HMRC. After failing to pay a £175,000 corporate tax bill, the Newcastle firm, which also occupies the Mayfair Office hub in London, is currently being advertised for sale online.

Sanderson young reportedly issued Winding – up Petition by HMRC.

 

Winding-up Petition

According to The Negotiator, not only has the company’s turnover plummeted from £1.7 million to a mere £520,000 per annum, but their previous rival, Bradley Hall, are debating buying the company themselves. However the Chronicle Live portrays a different story. They  suggested  in a recent article that founder and owner, Duncan Young, still desires to head the firm. They recorded Young’s optimism: ‘’I am 99% certain that the company will be back on track with me leading it.’’

Sanderson Young, which has been a local name for 19-years, dedicates itself to the sale of upper-market properties.

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 can successfully challenge validity of the winding – up Petition. This can ensure that the petition is dismissed so is not advertised in the media.

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