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

Donald Trump: the US has much to learn from history

The reasons Donald Trump should not be left in charge of a shopping trolley, let alone the keys to the White House, are plentiful and well-documented – from his use of the word “bigly” and lamentable business legacy to his dubious post-modern feminist principles, quite astonishing lack of political acumen and, most worrying of all, his bewildering hair. 

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter