- Creative consultancy offering brand development solutions to a wide range of clients, including many well-known blue-chip businesses and charities.
- Many clients sought to reduce costs as a result of COVID-19 and the conflict in Ukraine, resulting in a large amount of budgeted work being cancelled or placed on hold.
- c.£630k of anticipated works didnt materialize resulting in cash flow issues and the company falling behind on its HMRC obligations.‚Ä¢ HMRC arrears totalled £48k, consisting of VAT and PAYE.
- Failure to agree a Time to Pay could have led to the cessation of the business and redundancies for its 11 full time employees.
- Corporate Strategies secured a TTP spreading repayments over 2 years.
Recent experience indicates that HMRC are increasing recovery activity and are reducing the length of TTP arrangement they are willing to accept.
If a business is experiencing issues with paying HMRC advice should be sought as soon as possible to achieve the best possible outcome.
For further information get in touch with the Corporate Strategies team on 0800 002 9969 or hello@corporatestrategies.co.uk
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LCBSG Limited Registered in England No. 09209265 Registered office: Riverside House, Irwell Street, Manchester M3 5EN
Reach Commercial Finance Limited. Registered in England no 09056450. Leonard Curtis is a trading style of Reach Commercial Finance Limited. Leonard Curtis is a broker not a lender and is independent with access to the whole of market. We may receive commissions that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. Authorised and regulated by the Financial Conduct Authority FCA no. 753686. Registered with the Information Commissioner’s Office reference ZA069234
Leonard Curtis Legal Limited is a limited company, registered in England and Wales with registered number 09820186. Registered office: Riverside House, Irwell Street, Manchester M3 5EN. Leonard Curtis Legal Limited is registered with the Solicitors Regulation Authority with number 626004.
Reach Commercial Finance Limited. Registered in England no 09056450. Leonard Curtis is a trading style of Reach Commercial Finance Limited. Leonard Curtis is a broker not a lender and is independent with access to the whole of market. We may receive commissions that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. Authorised and regulated by the Financial Conduct Authority FCA no. 753686. Registered with the Information Commissioner’s Office reference ZA069234
Leonard Curtis Legal Limited is a limited company, registered in England and Wales with registered number 09820186. Registered office: Riverside House, Irwell Street, Manchester M3 5EN. Leonard Curtis Legal Limited is registered with the Solicitors Regulation Authority with number 626004.