The viral publisher Unilad, known for its commitment to student-friendly online banter, is facing insolvency proceedings following a demand from HM Revenue and Customs (HMRC) amid concerns over the future of the sites Facebook-centric business model.
HMRC issued a winding-up petition against Unilads parent company in July, which is due to be heard at the high court next week. Such notices are usually issued when a business has failed to pay its taxes and the company could be liquidated unless it can come to an agreement.
The situation with HMRC is being resolved swiftly, said a spokesperson for Unilad, who declined to give any further information on the social media publishers financial position or why it was facing the demand from t…
Read the full article at: https://www.theguardian.com/business/2018/sep/12/viral-publisher-unilad-faces-insolvency-action-by-hmrc
