Oddbins latest: HMRC is owed £8.6 million

16 March, 2011

Documents relating to the proposed company voluntary arrangement for beleaguered wine chain Oddbins show it owes HM Revenue & Customs £8.6 million in duty, VAT and PAYE.

The documents, released by Deloitte, also detail trade creditors including Hatch Mansfield (owed £310,000), Viña Carta Vieja (£278,000) and Concha y Toro (£241,000).

Oddbins is asking creditors to accept 21p in the pound in in the CVA.

If the majority agree at a meeting on March 31, Baile is convinced the business has a future.

He told OLN: “We hope people will see through the process over the next few weeks – there is a very good, solid business here.”




Bookmark this


Site Search

COMMENT

What to expect at Christmas

The arrival of October means that we’re now officially in Nielsen’s Christmas trading period. Manufacturers and retailers alike have until December 30 to optimise their sales plans and activate them in-store in order to win at Christmas.

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter