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Case Studies

£72,000 HMRC Winding-Up Petition AVOIDED.

Date

17 December 2024

Our client approached us under urgent circumstances, he was burdened with an unpaid £72,000 HMRC liability that had been outstanding for several months. Facing the imminent threat of a winding-up petition, which could have forced the closure of his company, the client turned to us for expert assistance.

Case Overview:

Our client approached us under urgent circumstances, he was burdened with an unpaid £72,000 HMRC liability that had been outstanding for several months. Facing the imminent threat of a winding-up petition, which could have forced the closure of his company, the client turned to us for expert assistance.

Outcome Achieved:

We successfully negotiated a Time-to-Pay (TTP) arrangement with HMRC, giving our client an extended period to settle their debt without the risk of aggressive legal action or liquidation. This solution safeguarded the business from a costly and inevitable winding-up process, preserving the company’s future.

Our Approach:

  • Immediate Action: Upon appointment, we promptly came on record as the client’s representative with HMRC.
  • Effective Negotiation: Leveraging our expertise and relationships, we secured the TTP arrangement during a same-day phone call with HMRC. This decisive action prevented any escalation or initiation of winding-up proceedings.
  • Tailored Strategy: We worked closely with the client to craft a proposal that addressed HMRC’s concerns while ensuring manageable repayment terms.

Challenges Overcome:

The client’s situation was particularly challenging due to:

  • Significant Arrears: The debt had gone unpaid for an extended period, raising HMRC’s hesitancy to agree to a repayment plan.
  • Legal Risks: The threat of a winding-up petition made swift and strategic action critical.

Despite these obstacles, our experience, and negotiation skills were instrumental in securing the agreement.

What Could Have Happened Without Our Help:

Without our intervention, the client would have likely faced liquidation and the forced closure of their business. This outcome would have led to further financial repercussions, including personal liability risks and long-term damage to the client’s financial standing.

Client Feedback:

The client was extremely relieved and grateful for the swift resolution. They praised the speed and efficiency of our service, which allowed them to continue operating their business without the shadow of liquidation hanging over them.

Are you in a similar position with HMRC Debt?

Your Next Steps:
If you or someone you know is struggling with HMRC liabilities or other financial challenges, don’t face it alone. Our team specialise in tailored solutions to protect your business and secure the best possible

Rory McGimpsey

Head of Corporate Debt Solutions

What’s your next step?

Get in touch with us at Bell & Company today to see how we can help

Making the impossible possible

The team at Bell & Company has been a tremendous help. What was not possible trying to solve with HMRC on our own was made possible. A great outcome which allows us to concentrate on running the business with less...

Making the impossible possible

The team at Bell & Company has been a tremendous help. What was not possible trying to solve with HMRC on our own was made possible. A great outcome which allows us to concentrate on running the business with less stress going forward.

Sascha Cutura - GB

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