Financial Advisory
Leonardcurtis
Full Credential Description
A Huddersfield-based security firm faced significant cash flow challenges, resulting in an outstanding HMRC liability of £250,000. The situation escalated to the point where HMRCs field agents visited the premises to initiate asset seizure procedures. To mitigate the risk of disruption to their operations, the companys directors entered into two Time to Pay (TTP) arrangements, which included a hefty upfront payment and high monthly repayments that totaled £27,000. To address these issues, the firm was referred to Leonard Curtis for expert advice on avoiding insolvency. The advisory team, leveraging their extensive experience with HMRC, negotiated with a specialist unit to secure more manageable repayment . Within just seven weeks, they successfully consolidated the two TTP arrangements into a single agreement, reducing the monthly repayment obligation from £27,000 to £5,500 over a 46-month period. This new structure eliminated the need for large upfront payments and significantly alleviated the immediate cash flow pressures the company was experiencing. As a result of this strategic intervention, the security firm stabilized its financial position, avoided asset seizure, and continued its operations without interruption. The swift and tactical approach taken by Leonard Curtis, combined with their established relationships with HMRC, underscored the importance of early intervention and expert support in achieving a successful turnaround for the client.