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Inland Revenue made applications to wind up more than 120 business in November, as it draws to the end of a year in which it moved to liquidate almost 900 businesses with tax owing.
Keaton Pronk, an insolvency practitioner at McDonald Vague, said the 167 winding up applications in November, including 127 from IRD, was the highest in six years. It included a group of 45 sushi companies.
For the year to November, Inland Revenue (IRD) applied to wind up just under 900 companies.
"In January they had advertised 100 which was massive compared to what they had done in previously Januaries.
"They always ramp up towards the end of the year but they've exceeded what they've done in the last five years
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