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Merit looking to expand despite unexpected tax demand




Bosses on the North East primarily based contractor had been taken abruptly by the transfer by the tax man final week.

The agency is now set for talks with HMRC to settle the invoice which the Enquirer understands pertains to R&D tax credit.

The petition was served in opposition to holding firm Benefit Group Providers and had no influence on websites or the buying and selling enterprise.

It got here as Benefit continues to work with Interpath Advisory to safe new funding for progress plans together with a significant manufacturing facility extension to assist service a £1.6bn work pipeline.

The agency can also be in negotiations with a key shopper about overdue funds on a job.

A spokesperson for Benefit mentioned: “We’re conscious of reviews {that a} winding up petition has been issued in opposition to Benefit Group Providers. We need to clarify this was surprising and as but, has not been acquired by the corporate. It doesn’t relate to our buying and selling companies, Benefit Holdings and Benefit Well being, that are unaffected.

“On the identical time, nevertheless, we’re at present in discussions with one in every of our key prospects with reference to decision of some substantial funds that are actually considerably overdue. We proceed in collaborative dialogue with the shopper and are hopeful that the matter will probably be resolved briefly order.”

Newest outcomes for Benefit for the 12 months to June 30 2024 present a turnover of £79.8m producing pre-tax income of £5.8m.






Grant Prior

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