:
UK: Commercial real estate firm Avison Young has had its winding-up petition formally removed after settling its tax liabilities.
In July 2026, HMRC filed a winding-up petition against Avison Young over historical tax obligations.
The company described the legal proceedings as a “surprise” and that it had previously been in discussions with HMRC to arrange payment.
Following the petition, NatWest Group froze the bank accounts of several UK entities of Avison Young, according to Bloomberg. It was estimated that the company owed more than £7.7 million.
Avison Young said in a statement: “Prior to the legal action being taken, our finance team had been in regular dialogue with HMRC regarding the outstanding liability. We had initiated payment dates which we understood to be acceptable to HMRC and expected those discussions to continue. The decision to initiate legal proceedings therefore came as a surprise.
“The HMRC winding-up petition against the relevant Avison Young UK entities has been formally dismissed. This follows the settlement of all outstanding obligations and the completion of the necessary legal process. At no point was this matter related to Avison Young’s ability to fund or pay its tax obligations.”
Highlights:
- HMRC formally dismissed its winding-up petition against Avison Young’s UK entities after the commercial real estate firm settled all outstanding tax liabilities in full.
- Filed in July 2026, the petition targeted historical tax obligations reportedly exceeding £7.7 million owed by Avison Young to HMRC.
- Following the petition’s filing, NatWest Group froze bank accounts belonging to several Avison Young UK entities, according to Bloomberg reporting.
- Avison Young stated its finance team had maintained regular dialogue with HMRC and proposed payment dates before the legal action commenced.
- The commercial real estate firm confirmed the dispute never reflected an inability to fund or pay its tax obligations.
