It has recently been reported that HMRC appear to be ramping up the number of winding-up petitions being presented to the court. Figures published in the London Gazette for January 2025 indicate HMRC issued 480 petitions, compared to 327 presented by HMRC in January 2024.
The presentation of a petition is, generally, the very last resort for HMRC and the recipient would have had significant correspondence with HMRC beforehand an attempt to recover the debt in an orderly manner. If you or your client are facing the very real threat from HMRC of a winding up petition, it is imperative swift advice is sought to look at alternative options of recovery and saving the business.
In our opinion, the hardest part for most business owners when financial trouble is imminent, is making that first contact and seeking assistance. Here at PBC Business Recovery & Insolvency we understand this, but the sooner we are contacted, the greater the options available to you.
If you need any advice or assistance on any corporate restructuring or insolvency-related issue, then please contact PBC Business Recovery & Insolvency on 01604 212150 (Northampton), 01908 033150 (Milton Keynes), 01234 989150 (Bedford) or email to enquiries@pbcbusinessrecovery.co.uk. Alternatively, visit www.pbcbusinessrecovery.co.uk for further information.