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


English wine: a happy harvest for Christmas

All across England and Wales, vineyards are being harvested. Down winding country lanes come armies of welly-wearing conscripts wielding secateurs and buckets, ready to reap the rewards of our vines. Happily they come, their cheeks ruddy with pride. Half an hour later they’re crawling over muddy clods with lacerated hands, drenched in claggy juice and cold sweat, as if ploughing through an endurance race.

Click for more »
Upcoming events


Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know