Advisory Services to a Food Wholesaler

Quantuma provide advisory services achieving a business turnaround of a food wholesaler.

Overview:

  • Company had built up a niche offering to the sports club market with enviable client credentials
  • Company was hit with a £200k VAT penalty from HMRC
  • Client had been ill-advised by a large firm of advisers on the VAT position of their leading product

Outcomes:

  • Reviewed situation in order to understand reason why HMRC had issued £200k VAT penalty
  • Established there were grounds for appeal
  • Specialist instructed in order to advise
  • The penalty was successfully appealed against and rescinded
  • The company was able to continue trading without the need for any insolvency process

 

For more information about Turnarounds, please click here