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Roy · 29-05-2009, 14:24

Just to try to try to alleviate some worries, this is a standard procedure that companies go through when their request for money has gone on for far to long. It usually gets the company who is in receipt of the winding up petition to put top priority on paying this debt. I've worked for companies that have had these, and know a few people who have instigated them. It doesn't mean that the company will be given to liquidators and it doesn't usually mean the end.
What is interesting though is that HM revenues have recently introduced a scheme for companies to pay back taxes owed on a monthly scheme, instead of all at once as it usually is, this is due to the current economic climate. I would have thought ASFC would have had this as an option, unless the debt has already accumulated over several years.

29-05-2009, 14:24	#28
Roy Administrator Join Date: Jan 2004 Location: Accrington Posts: 2,741 Blog Entries: 2 Liked: 18 times Rep Power: 2427	Re: Winding up proceedings Just to try to try to alleviate some worries, this is a standard procedure that companies go through when their request for money has gone on for far to long. It usually gets the company who is in receipt of the winding up petition to put top priority on paying this debt. I've worked for companies that have had these, and know a few people who have instigated them. It doesn't mean that the company will be given to liquidators and it doesn't usually mean the end. What is interesting though is that HM revenues have recently introduced a scheme for companies to pay back taxes owed on a monthly scheme, instead of all at once as it usually is, this is due to the current economic climate. I would have thought ASFC would have had this as an option, unless the debt has already accumulated over several years.