Sometime after the company's cessation of trade in April 2017, HMRC issued an estimated assessment in a range of ways in relation to the 2015-2016 tax year.
The company was advised at the time that the transactions in question were not taxable and were advised to appeal, they are currently awaiting the out come of these amounts and the test cases to determine the matter.
It they prove unsuccessful the company may find itself liable for approximately £100,000 additional taxes which the company does not have the ability to pay and would result in the liquidation of the company.