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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 […]
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No. of Clubs
Posted on February 13, 2012
I’m sometimes asked for a magic number – the number of top clubs which have gone into Administration. It’s difficult give a simple answer because: Administration is a misleading basis for counting. Clubs can be wound up without ever going into Administration. A better measure is ‘insolvency event’, a term which can however be defined […]
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2011 – The Year in Insolvency Events
Posted on December 31, 2011
Below is a round-up of the insolvency events I have logged during 2011. The definition of insolvency event is a debatable one, and I prefer a descriptive rather than prescriptive one. Broadly I would define an insolvency event as one which reflects a discontinuity in the operation of the ‘club as company’ caused by insufficient […]
Posted in Insolvency | 3 Comments »
Round-up of insolvency events 2010/11
Posted on August 27, 2011
Things looked slightly better than in the previous season in simple terms of the number of insolvency events I have logged – ten events involving nine clubs, compared to twelve events each at a different club in the previous season – although there were still some large clubs involved. In 2009/10 we had seen Crystal […]
Posted in Insolvency, Ownership, Resurrection | Leave a Comment »
A fish rots from the head down
Posted on February 4, 2011
Watching the transfer window lurch to its conclusion has not been an edifying experience – I didn’t have high expectations mind you, and my thoughts were possibly coloured by the constantly breaking internet connection at the hotel in Central Europe where I am staying. Certainly I was slightly surprised to read last Friday, from my […]
Posted in Cashflow, Governance, HMRC, Insolvency, Premier League, Resurrection, Transfers, UEFA | 7 Comments »
HMRC’s Christmas party
Posted on December 20, 2010
I’m guessing that there will be dancing in the corridors at HMRC’s office party this Christmas. They’ve had a good run in the courts over the last month against various football clubs. So far this run has not included a single outcome of the club going into Administration (the last case was Dundee in October; […]
Posted in Debts, HMRC, Insolvency, Stadium | 4 Comments »
Jack Frost and the threat to club finances
Posted on December 9, 2010
Last Saturday’s football programme was considerably more than decimated (1, and then follow the ‘see also’ too), at least to a language purist. Although the Premier League and Championship programmes were largely maintained, very little football was played lower in the pyramid. The impact of this financially should not be underestimated. Even though games will […]
Posted in Cashflow, Debts, HMRC | 6 Comments »
