Kilmarnock avoid winding-up order
January 24 2013
Kilmarnock, which is almost £10million in debt, has avoided a winding up petition from Craig Stevenson, owner of Braehead Foods after agreeing a payment deal.
On Monday night Stevenson via Glasgow firm MacRoberts Debt Recovery confirmed that sheriff officers would be sent to Rugby Park on Tuesday to serve a winding-up petition after becoming frustrated with the lack of communication from Kilmarnock chairman Michael Johnston over a bill of about £16,000.
However, in a statement yesterday, Stevenson said: “I can confirm that Michael Johnston from Kilmarnock FC has now been in contact with debt recovery lawyers at MacRoberts in response to the winding-up demand”. He went on to say that they had accepted “an immediate payment schedule” although no details of the payment schedule have been released.
No-one at Kilmarnock was available for comment yesterday but Johnston had played down the issue on Saturday saying that the club was ‘not in danger of liquidation or administration’ and is not ‘under any pressure to sell players.’
Johnston, who hosts the club’s agm today, claimed the bulk of the debt was not due until the end of the month and that there was no threat of a winding-up order. He added: “The creditor is obviously looking to get some priority for payment for himself and it’s unfortunate that he has decided to take it into the public domain.”
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.