Swinton in trouble...?

[Konkrete]

Petitions to Wind Up (Companies)

-2.33694453.510768M27 4AAInsolvency Act 1986The City of WestminsterThe City and County of the City of LondonThe City of Salford2017-06-092017-06-122017-04-042017-05-302017-05-26-0.11029151.515771EC4A 1NL-0.11774251.512285WC2B 4RDTSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211, customer.services@tso.co.uk279239161942

In the High Court of Justice (Chancery Division)

Companies Court No 002679 of 2017

In the Matter of SWINTON LIONS RUGBY LEAGUE CLUB LIMITED

(Company Number 08821396)

and in the Matter of the Insolvency Act 1986

A Petition to wind up the above-named Company, Registration Number 08821396, of ,105-107 CHORLEY ROAD, SWINTON, MANCHESTER, M27 4AA, presented on 4 April 2017 by the COMMISSIONERS FOR HM REVENUE AND CUSTOMS, of South West Wing, Bush House, Strand, London, WC2B 4RD,, claiming to be Creditors of the Company, will be heard at the High Court, Royal Courts of Justice, 7 Rolls Building, Fetter Lane, London, EC4A 1NL on 12 June 2017 at 1030 hours (or as soon thereafter as the Petition can be heard).

Any persons intending to appear on the hearing of the Petition (whether to support or oppose it) must give notice of intention to do so to the Petitioners or to their Solicitor in accordance with Rule 7.14 by 1600 hours on 9 June 2017 .

The Petitioners` Solicitor is the Solicitor to, HM Revenue and Customs,Solicitor's Office & Legal Services, South West Wing, Bush House, Strand, London, WC2B 4RD, telephone 03000 589694 . (Ref SLR1813658/U.)

30 May 2017

[renfrew refugee]

Could this be Bradford's get out of relegation free card?

[Wellsy4HullFC]

17 minutes ago, renfrew refugee said:

Could this be Bradford's get out of relegation free card?

Not if they finish bottom.

[paulwalker71]

23 minutes ago, renfrew refugee said:

Could this be Bradford's get out of relegation free card?

A little research is all that's needed to show that you're just stirring...

From Swinton's Twitter

 

[fairfolly]

Paul, I recall Mr Green saying exactly the same. This matter has been dealt with. Remember.

[paulwalker71]

12 minutes ago, fairfolly said:

Paul, I recall Mr Green saying exactly the same. This matter has been dealt with. Remember.

lol, fair comment...

[stevereed100]

I am confident the RFL are backing this long time member and heart of the game! 

 

[West Leeds Riviera]

If Swinton were liquidated would the RFL insisted on a new Swinton club starting in the Championship on -6?

[Bob8]

9 minutes ago, stevereed100 said:

I am confident the RFL are backing this long time member and heart of the game!

Swinton have had quite a significant say in the way the game is being run.

[Manx RL]

Must be at least a month since the last one.  

[Man of Kent]

Isn't this a late tax payment or similar, not an actual winding up?

[Konkrete]

31 minutes ago, Man of Kent said:

Isn't this a late tax payment or similar, not an actual winding up?

It's a winding up order brought against the club by HMRC.  Something we are painfully familiar with.  Hopefully the Lions can get this sorted.

[steve wild]

There was a slightly late payment of PAYE/NIC which automatically triggered a winding up petition. The issue has now been resolved in full. There is no conspiracy story lurking around the corner.

Steve Wild, Director, Swinton Lions RLFC

 

[Phil]

1 hour ago, Man of Kent said:

Isn't this a late tax payment or similar, not an actual winding up?

 

1 hour ago, Konkrete said:

It's a winding up order brought against the club by HMRC.  Something we are painfully familiar with.  Hopefully the Lions can get this sorted.

The high court has continually and consistently stated that winding up petitions are not to be used for the purposes of debt collection or the collection of monies owed. Despite this HMRC continue to present petitions for precisely that purpose. 

[The Future is League]

All Rugby League clubs should be treated the same.

If you bankroll one club when they are in financial trouble you should bankroll all that are in financial trouble.

[Oxford]

It is odd what people want to put out here when one of our clubs might be in trouble, hope it has been worked and the Lions are still going to be around.

[moorside roughyed]

Most rugby league clubs are probably in financial strife and pay HMRC late,I know Oldham have done on quite a number of occasions, it's because the game is skint.I hope swinton have sorted it and their fans can rest easy.

[kev p]

Winding up petitions seem to be used as a debt collection service. An expensive way to pay a debt, expensive lawyers have to be paid for by the owing party. Clubs should be wise to this by now. 

[Number 16]

One late payment can have a knock on effect on the next bill, and the next, and the next and so on. The first domino has wobbled but not fallen but what about dominoes two and three. Are they Wobbling? 

[GaryO]

19 minutes ago, kev p said:

Winding up petitions seem to be used as a debt collection service. An expensive way to pay a debt, expensive lawyers have to be paid for by the owing party. Clubs should be wise to this by now. 

Exactly, any business should look at these no get out clause payments they have to make, and put the monies at one side as an ongoing concern, as you say it will save further expense in doing so.

[Lowdesert]

10 hours ago, steve wild said:

There was a slightly late payment of PAYE/NIC which automatically triggered a winding up petition. The issue has now been resolved in full. There is no conspiracy story lurking around the corner.

Steve Wild, Director, Swinton Lions RLFC

 

What happens with the Court date, Steve.  Are they're costs associated to cancellations etc

[The Parksider]

6 hours ago, The Future is League said:

All Rugby League clubs should be treated the same.

If you bankroll one club when they are in financial trouble you should bankroll all that are in financial trouble.

Since the inception of Superleague that principle flew out of the window, and has been lost for over 20 years. Where have you been?

They are businesses and investment tends to go where there are returns and rightly so.......

[The Future is League]

15 minutes ago, The Parksider said:

Since the inception of Superleague that principle flew out of the window, and has been lost for over 20 years. Where have you been?

They are businesses and investment tends to go where there are returns and rightly so.......

Every club should be treated equally surely you would agree with that.

[Adeybull]

You have till the 22nd of the following month, to pay over tax and NIC that you deducted from employees the previous month. Money that therefore was never actually your own from that point.

you have over a month to pay over the VAT that you charged on income in the previous (usually) quarter. For sports clubs, much if not most of that income will have been paid to you well before then. 

Other than employers' NIC contributions, the money you are paying over is money that you collected or deducted on behalf of HMRC, and which is therefore not your money. So, if you find yourself unable to meet the payment due dates, it means you have been using someone else's money to run and fund your business. There is a word for that in my book. 

That is why I have no sympathy with failure to pay PAYE, and VAT where you have already received the income (very different where you yourself have not yet been paid), by the due dates. Bulls fans in particular are experts now at hearing the myriad bullpoo "excuses" from owners whose money has run out. Owners who have taken, and lost, taxpayers' money just to postpone the inevitable day of reckoning.

[stevereed100]

If a club is in financial difficulty should it pay the players  if it cannot find the NIC and PAYE deductions or should it just say sorry Lads! 

Obviously if it does it is heading for disaster and needs new funding quickly but it is too easy to carry on regardless in the hope of.....

Should their be a rule that once 2 months in arrears the club folds!