Birmingham 0121 728 5581

Bristol 0117 332 3844

London 0203 667 8693

Manchester 0161 537 2702

Southampton 0238 235 8122

HMRC bonds

HMRC bonds

HMRC are asking for business owners connected with a different business that has entered solvency to pay a bond / deposit as security going forward in the new business.

The biggest creditor to lose money time and time again to an insolvent entity is HMRC and they have begun clamping down to stop directors involved in serial insolvency procedures from incurring losses again and again.

In order to do this they can and do now insist on being paid a bond upfront when they think an entity is at risk of not paying taxes.

Here is a useful link for more detail:

David Kirk ACA FABRP

David Kirk

David Kirk is a Chartered Accountant and Licensed Insolvency Practitioner.
Read More

Business Renewal
"It was a very difficult decision to make to go into Administration but now I am so glad we did it. David and his team were great thank you."
Jacci Dellaway of Baylift Services Ltd
Business Recovery
"We were cornered and thought it was the end of the business after 20 years but he got us out of it."
Lynne Firman of Just Beds Ltd
Business Renewal
“You made a very difficult time much easier for us.”
R Johns
Business Rescue
“At the initial meeting you told us the good and bad things that can happen and were honest and told us to watch out for. No one else had done that.”
J White
Business Rescue
"David Kirk helped us with an Administration to rescue the business. He did exactly what he said he would do. It has worked out very well."
Chris Pratt of Elecsis Ltd