Property giant says it expects tax dispute to be ‘resolved shortly’
HMRC has filed winding-up petitions against the group of companies that make up real estate firm Avison Young.
According to reports, separate actions have been launched against five companies, including Avison Young Holdings, Avison Young Workplace, Avison Young (UK), Avison Young Project Management and Avison Young Real Estate Finance.
A spokesperson for the firm said: “We are in discussions with HMRC regarding a historical tax obligation, which we fully expect to be resolved shortly.”
A winding up petition is a legal action that can be taken by a creditor against a company that owes it £750 or more. If granted, winding up orders can lead to a company’s bank accounts being frozen.
Avison Young, which is headquartered in Birmingham, recorded steady turnover of £212.6m in the year to 31 December 2024, but recorded a pre-tax loss of £101.9m in both that period and in the year prior. Its latest accounts are due to be filed in the coming months.
Avison Young has 11 offices across the UK’s major cities.
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