Bankruptcy Advice for Small Businesses
Advice on dealing with pressure to pay Tax and VAT
HM Customs & Excise are by far the largest institution in the UK to present Bankruptcy and Company Winding Up Petitions in respect of unpaid debts. It’s not surprising since it has to collect sufficient monies on behalf of the government to shore up this country’s present financial deficit.
Many individuals and companies now find it a struggle to meet these obligations, particularly when they have already entered into a deferred payment scheme and either have or will soon default on the terms of repayment.
How can Wilder Coe LLP Business Recovery help?
We have extensive experience in advising individuals, partnerships and companies facing financial uncertainties, by taking an in depth look at their financial management and can provide solutions to improve cash flow.
For this, we have the experience to construct and present a program of sensible financial restructuring, mindful of practical issues and potential pitfalls to avoid. We combine this with our turnaround and refinancing skills, to quickly assess a situation so the client is able to achieve a realistic payment arrangement with HM Customs & Excise.
