Business advisors complete 222 ‘time-to-pay’ arrangements with high success rate

Business advisors Leonard Curtis have successfully negotiated 222 Time-to-Pay arrangements in 2025 and maintained a 98 per cent success rate.

In total, the team restructured £73m+ of tax arrears, supporting recovery across some of the UK’s most pressured sectors and protecting more than 17,000 jobs.

The industries most affected remained hospitality, construction and recruitment, all particularly exposed to increasing costs or exceptional financial shocks.

Other sectors in need of assistance included the manufacturing and healthcare industries. 

Wage inflation and National Insurance increases along with high energy prices and on-going post-Brexit trade challenges have continued to impact British businesses.

Leonard Curtis said in a statement: “HMRC’s status as secondary preferential creditor increases the risk for funders and many now require formal Time to Pay arrangements to protect their position in light of heightened HMRC enforcement and recovery action.

“This in itself calls for longer-term financial planning and navigation of more complex agreements to allow otherwise viable businesses to prosper.”

Joe Douglas, business advisory senior manager, said: "The excellent performance in 2025 is testament to the hard-work and expertise within the team.

“Whilst longer-term arrangements are still possible, the early evidence in 2026 is that HMRC’s enforcement action is stiffening.

“As always, the sooner we can speak to HMRC the more likely it is that we can achieve a good result for all parties"