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Hyde United wound up by HMRC petition
Posted on September 24, 2009
Recently I have blogged on Hyde United (1) and complained about the lack of news on what was happening with the winding-up order sought by HMRC. The most recent news I had was that in May the club had been given a further two month’s grace (2). This morning the club was wound up in […]
Posted in Debts, HMRC, Insolvency | 4 Comments »
HMRC Winding-Up Petitions
Posted on February 23, 2012
The following list is of the winding-up petitions presented by HM Revenue and Customs (HMRC) and its predecessors, the Internal Revenue (IR) who were responsible for the collection of direct taxation such as income tax (PAYE) and National Insurance contributions, and HM Customs and Excise (C&E) who were responsible for the collection of indirect taxation […]
Posted in | 1 Comment »
Round the Lower Levels Part 2
Posted on December 21, 2011
At last, Part 2 of my overview of what is happening from a broad financial perspective. Part 1 ran alphabetically up to Prescot Cables, and is available here. With a slight jump backwards, we pick it up with: Port Vale An interesting case of ‘fan ownership’. Valiant 2001 bought the club from the Administrators in […]
Posted in Benefactors, Debts, HMRC, Insolvency, Ownership, Stadium | 1 Comment »
Ups and Downs 1
Posted on April 7, 2010
Like virtually every football fan, there is really only one football result each week that matters to me personally – I have to know it almost as the whistle blows (thankfully possible in the age that we live in). The rest I could easily wait to read in the Sunday papers. With my particular perspective […]
Posted in Promotion, Pyramid movement, Relegation | 6 Comments »
Insolvency overview
Posted on November 15, 2009
Three weeks is a long time in football management – it was only on 25 October that I posted my last overview. Previous ‘overviews’ can be accessed by clicking on the ‘Overviews’ tag at the top of the page. With a number of clubs things have become clearer, but for many the confusion has just […]
Posted in Debts, Fit and Proper Person tests, HMRC, Insolvency, Ownership | 23 Comments »
Administrations review
Posted on October 25, 2009
With several court appearances due to consider various aspects of insolvency at different clubs, now seemed a good time to take a broad look at clubs that have been in trouble recently: Bournemouth Bournemouth has been well covered in postings passim. £150,000 is due to HMRC but the club’s bank account remains frozen. Eddie Mitchell […]
Posted in Debts, HMRC, Insolvency | 19 Comments »
Latest insolvency news
Posted on October 1, 2009
Accrington Stanley The Supporters Fund is in a stand-off with the club (1). It seems to have a position of strength and seems well placed to take over. Bromsgrove Rovers The club is planning to go into Administration (2 and 3). It seems there is a hidden struggle over future ownership of the club. Hyde […]
Posted in Debts, HMRC, Insolvency, Wages | Leave a Comment »
UPDATES to ‘Insolvency round-up’
Posted on September 12, 2009
I’ve added a couple of short updates as ‘comments’ on the ‘Insolvency round-up’ posting, specifically on Lewes, Portsmouth, and Southend. For some of the clubs I selected there is more substantive news: Accrington Stanley The first two days of the ‘Save our Stanley’ campaign (although ‘Save Stanley’s Board’ might be nearer the mark) raised £10,000 […]
Posted in Debts, HMRC, Insolvency | 3 Comments »
Insolvency round-up
Posted on September 6, 2009
As the first Administration of the season has just happened, it’s worth a quick review of the clubs in trouble. So, in alphabetical order: Accrington Stanley Stanley seem to be operating in another world, a rose-tinted one which is somewhat divorced from the real one. Faced with dwindling gates, the collapse of their sponsor and […]
Posted in Debts, HMRC, Insolvency | 4 Comments »
Blog on!
Posted on August 4, 2009
If a little jet-lagged, I’m back at my laptop. It seems a fortnight was not long enough for Newcastle and Portsmouth to finally resolve their ownership problems, and HMRC seem to have been busier North of the border with Hearts (1). That’s not to say they have been inactive in England, with Harlow Town the […]
Posted in Uncategorized | Leave a Comment »
HMRC’s increasingly active season
Posted on July 15, 2009
Taking the season as beginning on 1 August 2008, HMRC have petitioned courts for winding up orders against the following clubs (dates refer to publication in The London Gazette): 7 August – Merthyr Tydfil 17 September – Margate 8 January – Fisher Athletic 15 January – Northwich Victoria 23 April – Merthyr Tydfil 7 May […]
Posted in HMRC, Insolvency | Leave a Comment »
Farsley Celtic go into extra time
Posted on June 30, 2009
With a surprise comeback, Celtic have manged to scrape into Administration with just hours to spare, preventing their winding-up by HMRC (1 and 2). This is not an end to their problems by any means – the debt of £200,000 to HMRC is still there. HMRC will continue to press them. Other clubs who have […]
Posted in Debts, Insolvency | 2 Comments »
Football’s postcode lottery
Posted on April 9, 2009
Port Vale have had their share of problems of late. They were facing ‘huge losses’ (1) and this a club that had gone into Administration in 2002. Two recent pieces of news will have brought some relief though – first, the club’s shirt sponsor, Harlequin Property, are reported as “set to invest £500,000 in Valiants” […]
Posted in Community | 2 Comments »
