What Is A Winding Up Petition By HMRC or Other Creditor
What Is A Winding Up Petition By HMRC or Other CreditorLicensed Insolvency Practitioners With National Coverage
This company was incorporated in late January 2008. The director contacted KSA after reading the website. A meeting was subsequently held between the director and KSA regional manager, George Davis, in May 2013. KSA were appointed to assist the shop fitter company in June 2013.
Turnover for the financial year ending 31st January 2013 was of £229k with a loss of c£38K. In the first year of the CVA, a slight rise was forecast to £251K with a net profit of c£14K.
The CVA was filed at court in December 2013 and subsequently distributed to all creditors.
HMRC Voluntary Arrangement Service then approved the CVA with strict conditions which included:
Unfortunately, the director could not raise the additional funds therefore the CVA was rejected.
What Is A Winding Up Petition By HMRC or Other Creditor
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