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Four questions about Padgate Haulage Ltd, answered from its accounts. Each answer says which sources it read.

anything I should know about my biggest debtor?

Halewood Logistics. £8,900, and they are 46% of the book, which for a business your size is the exposure worth watching even before the tax position.

Their last accounts show net current liabilities and they filed at the deadline having filed early twice before.

You are short on tax and your largest debtor is showing the same signs you are. Worth knowing before you agree terms with HMRC that assume that money arrives.

Past · Accounting Around · Companies House

Read across 2 sources. No single platform holds all of this.

why is headroom where it is?

It is negative. £58,200 of tax against £41,200 in the account, so you are £17,000 short before anything else is paid.

VAT of £26,800 went past its due date four days ago. Corporation tax of £18,500 falls due in 38 days.

Past · Accounting

will the VAT payment be covered in time?

No, and not by a margin that collection closes.

£19,600 is invoiced and outstanding. Stripe has taken £3,400 in the last fortnight. The pipeline is £22,000 weighted with nothing at contract. Collecting every pound of all three still leaves you short of the VAT alone, before the corporation tax in 38 days.

That is why this is a payment plan question rather than a collection one. HMRC's Time to Pay line takes calls about exactly this, and four days late is early.

Past · Accounting Present · Stripe Future · Pipeline

Read across 3 sources. No single platform holds all of this.

can I afford to hire?

No, and I would not spend time on the question until the HMRC arrangement is made.

Nothing in the pipeline changes that. £22,000 weighted against a £17,000 shortfall and a £18,500 bill in 38 days is not headroom, it is hope.

Past · Accounting Future · Pipeline

Read across 2 sources. No single platform holds all of this.