Recent UK business data from Plimsoll recognises MMP Tax as being in a strong position to overcome financial issues caused by coronavirus – and to support clients in doing the same.
Of the 1,000 UK tax consultant companies assessed in Plimsoll’s Special Crisis Edition analysis, less than half were given a ‘strong’ rating. That number includes MMP Tax, awarded that reassuring ‘strong’ ranking based on a balance sheet that inspires confidence.
In comparison, close to 140 businesses were given a ‘danger’ rating, and a similar number were revealed to have “large amounts of debt”. These findings mirror a recent warning from the British Chamber of Commerce, forecasting that the majority of tax consultants could ‘run out’ of cash before the end of 2020.
Plimsoll’s industry-specific reports and insights are trusted by business leaders and senior decision-makers worldwide. Their analysis is regularly updated using the latest information from Companies House, accurately reflecting the performance of UK businesses as the world continues to change.
MMP Tax is a long-standing specialist technology tax company, built on strong foundations of financial and technical know-how.
- Alexis Marz, Director at MMP Tax, commented on the report's findings “We have worked hard to ensure MMP has solid fundamentals so we can continue to help clients maximise their innovation, especially in times of uncertainty. It is heartening to have MMP receive this ‘Strong’ rating by Plimsoll and to be recognised in this way.”
The MMP Tax team continues to work to support businesses through their financial challenges in 2020, while maintaining social distancing and complying with other government guidance. The team of in-house technology tax experts is available for phone or video conferencing, providing the same friendly service and tailored advice that clients expect.
The team’s also been working to support the NHS and other charities during this time. Our recent virtual quiz raised £390 for NHS Charities Together, and NHS-owned businesses can access our services for free.
For more information from Plimsoll click here
If your company is facing an uncertain future, please get in touch or to speak directly and confidentially to a consultant, call us.
Alexis is one of the founding Directors of MMP Tax.
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