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.
The deadline for entries into the profession’s awards expires tomorrow, 29 July.
PKF UKI, which is made up of seven member firms in the UK and Ireland, today announced a total fee income of £128.9m for the year ending 31 May 2016
UHY Hacker Young, the national accountancy group, has named Chris Smith as a new partner in its London office
Curiosity killed the cat, but doesn't appear to afflict accounting watchdog the FRC, muses Colin