Insure & Go warned of £6.73m VAT bill weeks before Mapfre swoop
Travel insurance intermediary Insure & Go warned it would have to raise additional capital if it lost an appeal against the HMRC weeks before it was acquired by its underwriting partner Mapfre Assistance, Post has learnt.
In its financial statement year ended 31 December 2009 submitted to Companies House in September, the then directors of Insure & Go — who all resigned last month following the takeover — said: "The
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