From the administrators' statement

3.1. Following on from the losses incurred in 2017 the Company continued to be lossmaking and began to accrue debts to HM Revenue & Customs in connection with NI contributions and PAYE. This was compounded later in 2017, when HM Revenue & Customs assessed the Company’s VAT position and retrospectively rejected a significant element of input VAT claimed.

3.2 By early 2018, the Company was facing potential enforcement proceedings from HM Revenue & Customs and had been unable to reach any repayment plan. On 29 May 2018, HM Revenue & Customs issued a winding-up petition against the Company, with a hearing set for 18 July 2018. The directors latterly sought advice from DIP Insolvency (a locally based insolvency practitioner) and had begun to take steps to place the Company into creditors’ voluntary liquidation. 3.3

3.4

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Woldwaste Ltd (09472416)

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