A winding up petition brought by HM Revenue and Customs (HMRC) against Nottingham RFC has been dismissed by the Companies Court. Senior insolvency Judge, Registrar Baister, formally dismissed the winding up petition on Monday after hearing that HMRC’s debt has been paid in full. It has been reported that the club had initially paid HMRC’s tax bill but the funds did not clear in time which resulted in the petition being presented.
HMRC’s Winding Up Petition
HMRC served the winding up petition against the club under the name Nottingham Rugby Football Club (Operations) Limited. Registrar Baister dismissed the petition ordering the club to pay HMRC’s legal costs, including the costs of the petition.
It has been reported that the debt was settled in good time and the club was not in danger of a winding up order being made.
The club has been reported as now moving forward and is continuing its search for new investment. The Club’s chief executive Simon Beatham stated:
“It has been a difficult period since the existing owners said they were not able to carry on funding the club to the same level as before. We are looking for new owners of the club and that’s been well documented in the past and it’s still the case. “
Winding Up Petition Legal Advice
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 reach an out of court settlement to ensure that the winding up petition is dismissed.