My Client Was Facing a Winding-up Petition With a £4m Hmrc Debt

Today, their HMRC debt is cleared, the petition has been removed, they’re back trading, and now forecasting £12M turnover.

Here’s how we made that happen. 👇

This business turns over around £6M a year and was hit with a £4M HMRC bill, a combination of outstanding debt and poor advice from previous advisers, which led to a winding-up petition.

With the help of their solicitors, we managed to push the petition back through the courts, securing 30-day extensions each time and giving us around 180 days in total to raise the funding.

We used that time to:

→ Raise money against property, including farmland, residential, and commercial assets, to arrange a bridging facility.

→ Release capital from business assets such as commercial vehicles to pay off the HMRC debt.

→ Put in place a £500,000 confidential invoice discounting facility, giving them ongoing working capital to support growth.

The result?

A business that was once on the brink of closure is now fully trading again, with funding in place and forecasts to hit £12M turnover.

That’s the benefit of working with a finance broker who can combine property, asset, and invoice finance into one complete solution.

25 years of experience working across different finance companies has given me the knowledge to structure deals like this.

When you know how to structure the deal, even the toughest situations can be turned around. 🙌