HMRC rejects Oddbins rescue plan

31 March, 2011

The Oddbins rescue plan – being considered by creditors in London this morning – is under serious threat after being rejected by HM Revenue & Customs.

As the biggest single creditor – owed £8.6 million in duty, VAT and PAYE according to documents associated with the company voluntray arrangement proposals under consideration – HMRC will have a big say in whether the vote eventually goes in favour of the Oddbins management team.

News of the HMRC position was fed to OLN by a creditor leaving the CVA meeting.




Bookmark this


Site Search

COMMENT

Richard Hemming MW asks: what’s the next step for indies?

In the not-too-distant future, when all humans are born with inbuilt VR headsets and Trump is Supreme Commander of the Known Universe, how will students of wine look back on the present era of retail in the UK? And, in such a dystopian world, why would anyone care?

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter