Case study
Case study: Enabling financial stability for a printing company facing HMRC enforcement
Background:
A North West based printing company encountered financial strain driven by a combination of external and industry specific challenges. The introduction of UK REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals) brought unexpected compliance costs, while reduced consumer spending over the winter period impacted seasonal revenue. A delayed payment from their largest customer further strained liquidity. With limited supplier credit terms and outstanding deferred payments, the company’s liabilities escalated to £180,000.
Challenge:
With HMRC initiating enforcement action, including the involvement of a field officer, the business faced an immediate threat of asset seizure. Informal attempts to manage creditor relationships had failed, and without intervention, the company was at serious risk of collapse due to unmanageable cash flow pressure.
Solution:
Referred by their accountant, the company engaged Sarah Gray from Leonard Curtis. Recognising both the urgency of the situation and the underlying viability of the business, Sarah worked with Shamana Rani from the Business Advisory team.
Engaging with the company in early August 2025, Shamana worked directly with HMRC to negotiate a formal Time to Pay (TTP) arrangement. This resulted in a structured repayment plan that gave the business the breathing space it needed to recover.
The final agreement restructured the £180,000 liability into monthly payments of £3,240 over a 56-month term. HMRC agreed to pause enforcement activity upon confirmation of the arrangement.
Outcome:
The TTP agreement enabled the company to stabilise its cash flow, continue trading, and maintain key relationships with suppliers and clients.
Feedback Form
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Donec ultricies consequat.
News and insights
Get in touch
with Leonard Curtis
Forward
with purpose
Leonard Curtis is a trading style of Reach Commercial Finance Limited, registered at Riverside House, Irwell Street, Manchester, M3 5EN. Company Register number is 09056450. Reach Commercial Finance Limited is authorised and regulated by the Financial Conduct Authority, FRN: 753686. Reach Commercial Finance Limited is an authorised credit broker and not a lender. We work with a an unrestricted number of lenders to find a potentially suitable arrangement for your consideration. ICO registration ZA069234 and you can check via www.ico.org.uk. We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, fixed rate of commission, percentage of the amount you borrow and rate for risk (this is based on the risk profile of the business). Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey. Privacy notice.
Leonard Curtis Legal Limited is a limited company, registered in England and Wales with registered number 09820186. Registered office: Riverside House, Irwell Street, Manchester M3 5EN. Leonard Curtis Legal Limited is registered with the Solicitors Regulation Authority with number 626004.