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.
RSM has announced the appointment of a record 350 trainees across all locations in the UK – expanding the total headcount of the firm by 10%
The Middle East arm of Deloitte and Touche is being sued by a Dubai-based investment group after it failed to spot money laundering at a now defunct Lebanese bank
Smith & Williamson has named Grant Hotson as group finance director
The director of a company set up to market a fuel-saving device has been disqualified for failing to maintain and preserve proper records