Online publisher facing insolvency proceedings
Manchester viral publisher Unilad faces insolvency proceedings in the High Court next week.
The venture, one of the biggest global platforms for breaking news and shareable online content, was targeted by HM Revenue and Customs (HMRC).
The tax man issued a winding-up petition against Unilad's parent company in July.
This will be heard next week.
Such cases are generally a result of companies failing to pay taxes.
Unless it can satisfy HMRC demands the business could be wound up.
However, a spokesperson for Unilad sai... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...