Maybridge Consultants Limited (07025610): administration
- Status
- Administration ended
- Administration began
- 2013-10-23
- Incorporated
- 2009-09-22
- Location
- Chatham Maritime
- Industry
- 69203 Tax consultancy
From the administrators' statement
We are advised the business was established by Dr Thomas in 2011 to undertake the preparation of tax returns for subcontractors within the construction industry He was successful in sourcing new chents
The Company latterly operated from office accommodation at Maybridge House, 8 — 12, Eltham Road, Lee, London, SE12 8TF Trading was relatively successful with fee income being based upon a percentage of any tax refund secured on behalf of the clent Turnover increased from £90,000 in the first year to in excess of £500,000 in 2012 The directors were of the opinion that turnover for 2013 should have been in the region of £1m and geared up accordingly with staff
Unfortunately in late 2013 the Company was visited by HM Revenue & Customs who considered that the Company's operations constituted a high risk by virtue of the significant value of tax refunds claimed throughout the year It was suggested that amended returns be submitted for all chents for the last two years, reducing the amount of expenses claimed In the meanwhile an embargo was placed upon client tax refunds on self assessment returns submitted by the Company
Administrators' statement of proposals (2013-12-12) · Companies House register