# VEG Realisations Limited (04388338)

> Why UK company 04388338 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04388338

- **Status:** Administration ended
- **Administration began:** 2016-07-29
- **Administrators' firm:** Mazars
- **Formerly:** V. Evans Group Limited; Fleetwith Limited
- **Incorporated:** 2002-03-06
- **Location:** Manchester
- **Industry:** 16290 Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials

## Why it went into administration

- HMRC / tax arrears
- Loss of a key customer, supplier or contract

## From the administrators' statement

The Company manufactured wooden pallets for use by 1ts customers It has historically had consistent trading, with profits generated each year However, as a result of histone tax planning, HM Revenue & Customs (“HMRC”) contacted the Company in March 2016 to advise that a substantial liability would be due, via an Advanced Payment Notice (“APN”), in the amount of £496,000

The Company’s accountants, Guy Walmsley & Co, contacted Mazars LLP and Patnck Lannagan and Conrad Pearson met with the accountants and the Company director, Mr Evans, on 30 March 2016 to discuss the position Following this conversation, the director was introduced to Dave Jennings, a member of the Mazars LLP Tax Investigations team, to assist the director with preparing proposals to repay the liability owed under the APN

Around the same time, one of the Company’s mayor customers advised the director that the number of orders would start to reduce in the near future, due to changes with how the customer made deliveries, which would impact on the number of wooden pallets required by them

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04388338/filing-history/MzE1NjI1NTc3M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04388338

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.