If you can't pay your tax bill, the worst you can do is ignore the problem. HMRC will work with you if they see that you have acted promptly to deal with the arrears.
PLC Subsidiaries Choose MVL
TBDA was approached by representatives of a multinational PLC which operated in the construction, operation and maintenance of urban services and infrastructure. The PLC wanted to tidy up the group structure and there were circa 20 companies which had been previous acquisitions but where the trading of these companies had...
Fire Alarm Company MVL
The company was incorporated in the late 1990’s and traded successfully in relation to the supply of fire alarm and security systems, both commercially and domestically. However, the company’s success was subsequently overshadowed by an acrimonious dispute between the Shareholders’, which had a negative impact on the day to day...
Energy Consulting Members Voluntary Liquidation
The company was incorporated in 2013 and traded successfully from the outset. The company was in a position to pay substantial dividends to its shareholders at the end of each financial year, from 2013 to 2016, whilst at the same time accruing reserves.
A PACKAGING COMPANY
This was a long established company that had invested heavily in plant and equipment over the 33 years of trading. The company had developed a reputation for quality production, excellent service and competitive pricing and also undertaking bespoke packaging contracts including large format packaging, case work and die cuts. The...
Heating, Ventilation and Air Conditioning Engineering Business
The company operated in various fields of engineering including heating, ventilation, air conditioning, building fabrics, mechanical and electrical projects, all of which embraced renewable, carbon reducing technologies.
Online Retailer of Air Conditioning and Heating Products
The company operated as an online retailer of air conditioning units, dehumidifiers, heaters, and radiators. It marketed these products for sale across a number of different websites and supplied to customers throughout the UK, and EU member states.
Artist-Led Community Interest Company
The organisation was incorporated as a Community Interest Company (“CIC”). It was managed by a talented group of individuals who had a background in performance art, theatre direction and other associated disciplines.
Barrister with HMRC debts
Leroy was a self-employed Barrister. He had traded successfully for many years but due to raising a young family, a change in Chambers and a significant increase in book debt due to prolonged litigation, he relied heavily on the use of personal credit facilities to meet his and his family’s...
Dentist chooses an IVA
Mark was a self-employed Dental Practitioner, who had operated a successful practice for more than 20 years. However, a downturn in the economy saw the profitability of the business decline, and when an NHS surgery opened within close proximity, the position worsened. The pressure exacerbated pre-existing health conditions, and Mark...
Farmer chooses an IVA
Andrew has been a self-employed farmer for the whole of his working life, having previously worked with his Father, in the production and supply of eggs. His current income is generated from various aspects of the current farm business, which includes the sale of livestock, farm shop, and tea room.
Bankruptcy following fertility treatment
Deborah and her partner started privately funded fertility treatment which due to complexities cost in the region of £38,000. Her partner suffered a period of illness partly due to the stress of the process.
Michael and Laura
Michael and Laura took out a loan which was secured against their property. At the time it was easy to borrow more than the value of their property and this was used for general home improvements, as they had recently purchased their first home.
Self Employed Farmers
Evelyn & Darrell traded in partnership, as Dairy farmers. Historically, they traded as tenant farmers, before acquiring agricultural land and a farmhouse in the 1990’s. Although the acquisition of the farm was funded without borrowing, they needed to acquire various items of machinery and equipment, and this was done subject...
Partnership Debt Solution
Shirley and her husband were involved as partners in the purchase of a potential development with another couple. Unfortunately part way through the development the relationship between the 2 couples broke down and Shirley and her husband decided to exit the deal and hand over their share to the other...