What Is A Winding Up Petition By HMRC or Other Creditor
What Is A Winding Up Petition By HMRC or Other CreditorHelping directors for over 23 years.
The secretary of a telecoms company contacted Keith Steven of KSA to discuss the company’s financial situation. A meeting was then requested and held at KSA’s London office. The business provides installation and maintenance of telecoms systems.
KSA were appointed to assist with a Company Voluntary Arrangement (CVA) in December 2010. Turnover for the year to June 2010, was c£285K.
The nominee’s review was held and the CVA and nominee’s report were subsequently lodged at court. The CVA proposed 46p in £1 repayment to unsecured creditors over 5 years.
HMRC provided their response accepting the CVA. The CVA was accepted by the body of creditors at the creditors meeting in July 2011.
Towards the end of 2014, KSA received notification that the company had been placed into CVL (Creditors Voluntary Liquidation) until that point the company had adhered to the conditions and contributions detailed in the CVA.
What Is A Winding Up Petition By HMRC or Other Creditor
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