Purplebricks faces HMRC petition, secures backing from Charles Dunstone
2 reports, 2 independent
Updated Sat 00:00
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What happened
Purplebricks received a winding-up petition from HM Revenue & Customs (HMRC) on Tuesday. The online estate agent insisted the action was triggered by an administrative error and stated that its tax liabilities have been dealt with. The company, which is backed by Charles Dunstone, also faced questions regarding its financial status.
From aol.co.uk
Why it matters
The winding-up petition from HMRC threatens the core operations and solvency of Purplebricks. The financial backing provided by Charles Dunstone addresses the difficulties raised by the regulatory action.
From aol.co.uk
Who's involved
- PurplebricksUK estate agent facing a winding-up petition from HMRC
- Charles DunstoneBritish businessman providing financial backing to Purplebricks
- Neil WoodfordBritish fund manager that previously backed Purplebricks
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The entities involved
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Purplebricks
UK estate agent
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Charles Dunstone
British businessman
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