A limited company faced a £65,000 Corporation Tax bill due in one week but lacked the funds to pay. The director had used surplus business funds to cover care costs for their late mother, leaving the business unable to meet this critical liability. Failure to pay on time risked penalties, interest, and damage to the company’s reputation with HMRC.
The director approached Credo for help. Within two days, we had secured a 12-month loan, enabling the company to pay the tax bill on time. The solution was affordable and tailored to the company’s needs, avoiding cash flow strain.
The Outcome
Tax Paid On Time: Avoided penalties and preserved the company’s standing with HMRC.
Director Relieved: The business stayed compliant, and operations remained unaffected.
Credo Capital Finance demonstrates the value of fast, effective financial solutions, helping businesses overcome urgent challenges with ease. If you have a funding challenge, then please call Credo on 01603 703180 or click here to contact us.
