When businesses fail, I find that they have failed owing HM Revenue large sums of money (recently HS Works Ltd owed £9,100,000) which must have built up over a considerable period of time. Free information should be available to show which businesses are overdue to HM revenue, by how much and how long. As a business owner I would like to know this as this is the first indicator of their ability to pay my debt. I could choose whether to extend credit to them with much more knowledge than currently. As a business owner regularly paying my bills to HMRC on time, I have a right to this information which is held to avoid me losing money when these businesses fail and threatening the jobs of staff that work for me.
Publication of information on overdue amounts due to HM Revenue from businesses