Call our Insolvency Law Helpline on:

02071830529

LEXLAW, 4 Middle Temple Lane, London

Bolton Wanderers FC Anticipate HMRC Winding Up Order

December 08 2015

English Championship club Bolton Wanderers are expected to be issued with an HMRC winding-up petition from Revenue and Customs in the coming days. The Trotters did not pay senior players in November and need £15m to get to the end of the season.

bolton badge

HMRC Winding Up Petition Expected

The North West club, owe around £600,000 in unpaid taxes and have to find £900,000 monthly running costs after failing to pay their players in November. Eddie Davies owns Bolton through Burden Leisure PLC, which announced debts of £172.9m in April, after losses of £9.1m for 2014. Talks to take over the club have been held with four parties but unless a deal is completed, the club face the threat of administration and a 12-point deduction.

Bolton Wanderers financial adviser reportedly said:

“The club’s position is increasingly perilous and new investment is needed quickly,” said Birch. “We are continuing to negotiate with interested parties but unfortunately no one party has demonstrated all the requisite elements needed to conclude a deal.”

Winding-up Petition Solicitors

If you have received a winding up petition our legal experts are able to provide legal advice and representation. Our team of solicitors and barristers can obtain a court adjournment; CVA’s or successfully challenge the validity of the winding up petition to ensure that the petition is dismissed, often without public advertisement.

Tags: , , , ,

The articles published on this website, current at the date of posting, are for reference purposes only and do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.

Call us on ☎ 02071830529 or email us on for more information about the specialist insolvency legal services we provide. Our team of London lawyers are based in Middle Temple adjacent to the Companies Court. We are committed to providing professional and specialist legal advice and are leading experts in cases involving winding-up petitions.