Home and Retail Logistics Limited (06789939): administration
- Status
- Administration ended
- Administration began
- 2016-07-12
- Incorporated
- 2009-01-13
- Location
- London
- Industry
- 49410 Freight transport by road
Why it went into administration
- HMRC / tax arrears
- Bad debts / customer insolvency
From the administrators' statement
Appendix B shows the Company's financial information available for the periods ended 31 August 2014, 31 August 2015 and 30 April 2016
The directors were contacted by HMRC who were extremely concerned that the Company's VAT and PAYE / NIC liability had increased substantially When queried, the directors confirmed that the non-payment of VAT and PAYE / NIC had occurred due to the knock-on effect of BHS entering a period of financial distress, as referred to above
The directors attempted to negotiate a Time To Pay (“TTP”) arrangement with HMRC to repay the arrears, with a proposal being submitted to HMRC on 18 May 2016 After consideration, HMRC rejected the Company’s TTP application and gave the Company until 26 May 2016 to repay all outstanding liabilities HMRC confirmed that failure to repay the balance by the due date would result in the instruction of solicitors to Initiate winding up proceedings
Administrators' statement of proposals (2016-08-01) · Companies House register