Patisserie Holdings reveals winding up petition over unpaid tax bill

By Sophie Witts contact

- Last updated on GMT

Patisserie Holdings reveals winding up petition over unpaid tax bill
The board of Patisserie Holdings says it has “become aware” of a winding up petition relating to an unpaid tax bill of over £1m.

The petition is in relation to Stonebeach Limited, its principal trading subsidiary.

It was filed on 14 September and relates to approximately £1.14m of unpaid tax. A hearing date is listed for 31 October 2018.

This morning the group, which owns Patisserie Valerie and operates over 100 sites, requested its shares be suspended​ after it uncovered “potentially fraudulent, accounting irregularities”.

Chris Marsh, the company’s chief financial officer, has been suspended from his role.

Patisserie Holdings says in a trading update: “The Company and its advisors are in communication with HMRC with the objective of addressing the petition.

“The Company continues to engage with its professional advisers to understand better the financial position of the Group and will make further announcements in due course.”

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