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Her Majesty’s Revenue and Customs (HMRC) play an incredibly important role in regulating and controlling the taxes, duties and customs payable by the majority of businesses. All companies will, at some point or another, have to co-operate with HMRC and some may struggle to meet the demands asked of them by this branch of the government. Interaction with HMRC can often be complicated and misunderstandings do take place. With this in mind, it’s important that any company has its payment procedures in order and knows how to seek advice or help if necessary.

If an SME has spent a period of time expanding successfully then there is the strong possibility the expansion has led to the creation of different strands to the business.

At Moorfields our work in offering turnaround management services to struggling businesses means that we are keenly aware that good cash flow management is one of the most crucial facets of any successful business.

Recent research has revealed that fines brought against firms for fraudulent activity since 2007 have surpassed the £1 billion mark, putting a heavy financial toll on the UK’s economy.

If a struggling company is heading towards administration, stakeholders will often appoint insolvency practitioners from established companies such as Moorfields in order to ensure that their interests are being sufficiently represented.