Neath Rugby club face fears over Winding-up Petition

It has been reported that Neath Rugby club are facing fears over the future of the club after a winding-up petition is issued by finance company for the business to be wound up.

Neath Rugby club fear winding-up petition.

Winding-Up Petition

A hearing recently took place in London at the Companies Court to wind up Neath Rugby club. Judge Sebastian Prentis confirmed at the hearing that the winding-up petition will be adjourned until 6 February 2019.

At a previous hearing the Judge revealed that Neath Rugby club owed Her Majesty’s Revenue and Customs around £10,000.The club may also owe money to Neath Port Talbot. A demand for over £31,000 was made by a separate company run by Mike Cuddy. The Judge confirmed the demand is entirely unclear therefore, the winding-up petition was reportedly dismissed.

In July financial problems started when the construction firm of club owner, Mike Cuddy went into administration. Nine players of Neath Rugby club have reportedly left the club with fears of the financial uncertainty.

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.

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