Please visit http://www.companyrescue.co.uk/ for confidential help and insolvency advice or email keiths@ksagroup.co.uk

Thursday, 16 December 2010

Winding up petition dismissed for Sheffield Wednesday

Another football club escapes the HMRC!

HMRC's winding up petition was dismissed yesterday after Milan Mandaric paid the outstanding tax debts in full.

If there is a threat of a HMRC petition against your business don't wait for some millionaire football investors to bail the company out; take advice and ACT sooner not later. Our page http://www.companyrescue.co.uk/company-rescue/guides/What-is-a-winding-up-petition gives fast guidance.

KSA is now seeing a much tougher attitude from HMRC on failed time to pay arrangements with the case often being passed quite quickly to HMRC Enforcement & Insolvency department in Worthing.

They will typically issue a 7 day warning letter. Click here for an example of what to expect

So the message is, if a creditor and or HMRC threatens a winding up petition make sure you act first.

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Many thanks for your comments. If you have a private business problem and you want advice give us a call on 0800 9700 539 or email me at keiths@companyrescue.co.uk. If you are a professional advisor with a troubled client, please suggest they visit www.companyrescue.co.uk or contact me as above.

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