Kids Company is actually the trading style of Keeping Kids Company Ltd. The so called head of this company is Ms Camila Batmanghelidjh, a high profile lady who clearly has done a lot of good work in helping young people.
I doubt HMRC will be so generous in the future
I work with many companies who have outstanding HMRC liabilities and arrange finance in order that they can pay their debts and continue to trade. I have found HMRC quite firm in their approach to recovering outstanding PAYE & VAT and I am therefore puzzled that this substantial debt has been allowed to be written off by HMRC.
An examination of the accounts of 2013 shows a net worth of £1.7m and net current assets of £500,000.
Interestingly I note that Ms Camila Batmanghelidjh resigned as a Director 2003, but she is seen as the head of the company. I suggest the other Directors ensure that all HMRC liabilities are met as I doubt HMRC will be so generous in the future.