This blog post features a testimonial from a director client whose company was faced with a winding up petition in a substantial sum presented by H M Revenue & Customs. The client was recommended to the Directors Friend by their business adviser.
A winding up petition:
A winding up petition presented by a creditor asks the Court to order a company into compulsory liquidation. Part of the process pre order is that the winding up petition is advertised. The Directors Friend says that this can be terminal for the company as its bank and the wider world becomes aware of the winding up petition. That usually means that the company bank account is frozen and suppliers cease trading with the company and/or support the winding up petition. Therefore, a winding up petition is very serious for a company.
Details of the winding up petition:
The client’s company was faced with a winding up petition for National Insurance Contributions, income tax PAYE, company tax, VAT as well as interest and surcharges.
The Directors Friend was able to help:
This is the testimonial for the advice of the Directors Friend:
‘I instructed Richard Cole (the Directors Friend) in respect of a winding up petition that had been presented against my company by H M Revenue & Customs. I was a director of that company. I was extremely concerned and worried by the winding up petition. I was referred to Richard Cole who was able to take instructions and the worry away from me.
After negotiating with H M Revenue & Customs over a protracted period of time Richard Cole was able to negotiate to pay a lesser sum than was demanded by way of the winding up petition and importantly to me personally obtain time for payment from the sale of a property.
I was very happy and impressed with the service that Richard Cole as the Directors Friend provided to me. Richard Cole certainly is the Directors Friend! I would have no hesitation in recommending Richard Cole to you for insolvency / company / directors advice.
SH, Kent, United Kingdom’
The winding up petition was dismissed.
If you or someone you know is a director of a company that may be insolvent or is facing a winding up petition, contact the Directors Friend for help
As the Directors Friend, I was very grateful to receive this testimonial. It demonstrates the approach that the Directors Friend takes with the experience and knowledge that the Directors Friend can bring to bear for you in your corner.
My name is Richard Cole. I am an insolvency Solicitor who formerly worked at the Insolvency Service carrying out director disqualification investigations. I am now the Directors Friend. Why not contact me to discuss on: +44(0) 1992 558 411. The earlier that you speak with me the more that I can likely help.
Until the next time…
The Directors Friend