HMRC Winding Up Petition:

HMRC solicitors and Debt Management Units are acting much more aggressively in recent months and almost relish the opportunity of winding up a company whether it can repay VAT/PAYE arrears, or not.

We have a 100% record of preventing HMRC solicitors winding up companies that are profitable, or will soon be profitable. We are specialists in reversing such action, delaying matters and re-negotiating time to pay, which allows a company to get back on its feet. Companies need to act quickly, though, as, once the action has commenced, it will be reported in the London Gazette and the banks may automatically freeze all business accounts.

If the company cannot repay all its HMRC debts, we can also advise on a range of other solutions that will allow the company to continue to trade.

If your business is insolvent

Firstly, we always exhaust all of the business rescue possibilities before considering formal insolvency options. Directors and business managers often have not experienced extreme creditor pressure before but we see it all the time. With a deep understanding of your circumstances we can offer objective and professional guidance when you need it most.

When a business becomes insolvent, the owner or the directors have a duty to act in the best interests of the creditors. Not to do so risks personal liabilities and possible disqualification proceedings. Taking professional advice from specialists is essential to minimise or avoid these risks. The earlier that you call us, the more options are usually available.