Archived

This topic is now archived and is closed to further replies.

South Wakefield Sharks

Wakey issued with a winding up order?

17 posts in this topic

No it isn't. Go the Trin!!!

CLUB STATEMENT

Wakefield Trinity Wildcats wish to issue the following statement in relation to the report of a winding up petition being issued to Spirit of 1873 Ltd, the company that owns the club.

The Wildcats would like to reassure all those connected with the club that the outstanding sum of money that the petition is in relation to has already been dealt with.

Due to the clubs recent financial history it is subject to monthly visits from HMRC and furthermore, no leeway is granted in regards to any payments owed as it may be to other such companies.

An oversight on the part of the club in relation to the amount of one such payment led to the issuing of the winding up petition. However, once the club was made aware of this it was immediately rectified.

Unfortunately, once a winding up petition is issued there is no way of preventing it from going to press and as such it came into the public domain today.

Again, the club would like to reassure everyone associated with the Wildcats that the club is continuing to work tirelessly to ensure that the progress both on and off the pitch since the takeover by Spirit of 1873 Ltd. is maintained.

Share this post


Link to post
Share on other sites

HMRC playing mind games with sports clubs !!!!!!!!!

Share this post


Link to post
Share on other sites

HMRC playing mind games with sports clubs !!!!!!!!!

Sports clubs playing dumb with HMRC!!! Only one winner.

Share this post


Link to post
Share on other sites

Sports clubs playing dumb with HMRC!!! Only one winner.

And the danger is that someone else who is owed money piggy backs on the winding up petition as apparently happened at Salford

Share this post


Link to post
Share on other sites

No it isn't. Go the Trin!!!

CLUB STATEMENT

Wakefield Trinity Wildcats wish to issue the following statement in relation to the report of a winding up petition being issued to Spirit of 1873 Ltd, the company that owns the club.

The Wildcats would like to reassure all those connected with the club that the outstanding sum of money that the petition is in relation to has already been dealt with.

Due to the clubs recent financial history it is subject to monthly visits from HMRC and furthermore, no leeway is granted in regards to any payments owed as it may be to other such companies.

An oversight on the part of the club in relation to the amount of one such payment led to the issuing of the winding up petition. However, once the club was made aware of this it was immediately rectified.

Unfortunately, once a winding up petition is issued there is no way of preventing it from going to press and as such it came into the public domain today.

Again, the club would like to reassure everyone associated with the Wildcats that the club is continuing to work tirelessly to ensure that the progress both on and off the pitch since the takeover by Spirit of 1873 Ltd. is maintained.

Didn't realise it was so easy to get a winding up order - "Forget" a payment and whamo

As a new Ltd company I wouldn't have thought they would have a bad payment record of a previous company counting against them so stringently in particular as Spirit of 1873 Ltd has been trading some 20 months or so.

Share this post


Link to post
Share on other sites

Didn't realise it was so easy to get a winding up order - "Forget" a payment and whamo

As a new Ltd company I wouldn't have thought they would have a bad payment record of a previous company counting against them so stringently in particular as Spirit of 1873 Ltd has been trading some 20 months or so.

Being a Newco from a company which had HMRC problems is the reason why there's a zero tolerance in this case

Share this post


Link to post
Share on other sites

HMRC aren't exactly enamoured with Rugby League clubs and havnt been since the governing body (RFL) aided and abetted one of its member clubs in avoiding its tax responsibilities.

Share this post


Link to post
Share on other sites

HMRC aren't exactly enamoured with Rugby League clubs and havnt been since the governing body (RFL) aided and abetted one of its member clubs in avoiding its tax responsibilities.

Nothing to do with the RFL. HMRC have got a lot tougher on sports clubs across the board.

Share this post


Link to post
Share on other sites

Accidently not paying the HMRC when your organisation has history of not paying the HMRC.

You'd only do this if your administration was inept.

Share this post


Link to post
Share on other sites

Nothing to do with the RFL. HMRC have got a lot tougher on sports clubs across the board.

This is the fact of the matter. Nothing to do with RL. In fact, its football that has really caused all this.

Share this post


Link to post
Share on other sites

Surely HMRC would have sent Wakefield a letter before action before they issued the petition.

"The court requires a creditor to behave reasonably before commencing winding-up proceedings and, in particular, to write to the company with details of the debt and demanding payment.

It is therefore wise to send a letter to the debtor company before commencing upon the path of a Winding-Up Petition. This can be sent on a solicitors letterhead or on a company letterhead. Sending it on a solicitor’s letterhead clearly makes it clear to the debtor company that legal action in the form of presentation of a petition is likely to shortly commence.

The letter before action should state clearly the debt owed, how the debt has been realised, deadline payment date, how to pay and a clear expression of intent that a winding-up petition may follow."

http://windinguppetitionsolicitors.co.uk/letter-before-action-winding-up-petition/

Share this post


Link to post
Share on other sites

They haven't been issued with an Order, a petition has been issued. If the debt has been paid then on the hearing date the petition will be withdrawn. About 50% of petitons don't become Orders

Share this post


Link to post
Share on other sites

They haven't been issued with an Order, a petition has been issued. If the debt has been paid then on the hearing date the petition will be withdrawn. About 50% of petitons don't become Orders

Unless they owe someone else money and they have joined the petition. Then they would have another bill to pay

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.