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.
Richard Oddy, Casper Kaars Sijpesteijn and Rory Goldthorpe have been appointed to senior roles in key sectors of high growth, with a further 17 junior and experienced hires
UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report
Mid-sized British firms are currently growing faster and generating more profit than their counterparts in Germany, France, Italy and Spain, despite uncertainty surrounding Brexit, says the report
Richard White, Nicola Westbrooke and Richard Ross all join from KPMG, where they oversaw the real estate tax practice
Sheryl Davis joins the firm's High Wycombe office from Barnes Roffe