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 this risk and avoid operational disruption, 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. Recognizing the potential for insolvency, the firm was referred to Leonard Curtis for expert advice. The advisory team, leveraging their extensive experience with HMRC, engaged in negotiations with a specialized unit within HMRC to secure more manageable repayment . Within just seven weeks, Leonard Curtis successfully negotiated a single consolidated TTP arrangement that significantly reduced the companys monthly repayment obligations from £27,000 to £5,500 over a 46-month period. This new agreement eliminated the need for large upfront payments and alleviated immediate cash flow pressures, providing the business with essential breathing space. As a result, the company stabilized its financial position, avoided asset seizure, and continued operations without interruption, demonstrating the effectiveness of early intervention and expert negotiation in crisis management.