|
|
15 Sep 2010
HM Revenue & Customs is likely to be receive only 9p in the pound on debts owed to it by collapsed firm Vantis.
HMRC is owed £2.8m in VAT and £8.6m in PAYE - a total of £11.4m, however, they are likely to be paid just £1m, according to administrators.
The latest filing at Companies House showed Vantis' other debts amounted to £68m, including £58m owed to banks.
Among the creditors listed is Ernst & Young, owed £4,700.
Chad Griffin and Simon Granger, both from FTI Consulting, were appointed joint administrators to the firm on 29 June.
Further reading:
You may also like
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment