HomeCase studiesSMEs, directors & shareholdersCompany rescueObtaining a validation order, negotiating a payment plan with HMRC and having a winding up petition withdrawn for an executive search firm

Why the client needed our help

Our client, an executive search firm for global companies, had expanded its business and agreed client-determined payment periods. Unfortunately, this had resulted in a liquidity and cash flow issue and delays in the firm’s payments to HMRC. Following HMRC’s presentation of a winding up petition, our client was unable to access its bank account to continue trading, leaving it unable to satisfy its liabilities to HMRC.

How we helped

We assisted the client in obtaining a validation order so that it could continue trading and access its bank account. We also negotiated a payment plan with HMRC which resulted in the withdrawal of its winding up petition.

The outcome

Our client was able to repay HMRC in full and resume trading.

Key contacts

Andy Lynch

Andy Lynch

Consultant

Rebecca Robinson

Rebecca Robinson

Senior Associate

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