A Winding-up Petition initially presented by Her Majesty’s Revenue and Customs (HMRC) to the London High Court (Companies Court) against Notts County FC has reportedly been dismissed following an out-of-court settlement.
HMRC Winding-up Petition Dismissed
The winding-up petition was reportedly dismissed by Miss Registrar Derrett on 24 May 2017 in the Companies Court, London.
Notts County FC faced a winding-up petition brought by HMRC over reported debts of £500,000 which has now been settled.
Once the outstanding debt to HMRC had been paid by the club, Pinnacle Advantage Ltd stepped in as a substitute creditor; pursuing the club for debts of over £600,000.
Simon Johnson, who was appearing for Pinnacle, told the Registrar:
“A dramatic compromise has just been signed outside court”.
The Registrar then confirmed that the petition is dismissed with no order as to costs.
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.
We have represented football and other sporting clubs in disputes with HMRC and as specialists in dealing with HMRC Debt Recovery procedures including petitions can obtain an optimal outcome.