VAT Bad Debt Relief Claim

Background and problem

The company provides Hire Purchase finance for motor vehicles to the public. The company asked us to go in and look at the problem as they had not put in a VAT Bad Debt Relief Claim for over a year and the amount of VAT that could be reclaimed was becoming significant.

We were asked to take on this project because of the two earlier successful projects.

Financial Improvement and Fraud investigation and documentation

Background and problem

This women’s lingerie design company based in West London. The designs were done in the UK and the manufacture was carried out in Hong Kong. The company appeared to be profitable but they were always short of cash. The directors did not understand this as the turnover of the business had gone from £1M to over £6M. They had some very good high street names as customers and they were looking to expand the business by taking on extra designers.